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The Weekly Economic & Market Recap      
 
November 8, 2019  

The U.S. Treasury yield curve from 3-month to 10-year had been inverted since the end of May with the yield on the 10-year Treasury bond being below the 3-month treasury bill. Since the yield curve has inverted before every recession since 1975, the sustained inversion rightfully had investors nervous. The yield on the 10-year Treasury spiked higher in November with the yield jumping from 1.70% to 1.93%.

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PEAPACK-GLADSTONE BANK IS A HIGH-PERFORMING BOUTIQUE BANK, LEADERS IN WEALTH, LENDING AND DEPOSIT SOLUTIONS, KNOWN NATIONALLY FOR UNPARALLELED CLIENT SERVICE, INTEGRITY AND TRUST.