On Thursday, the yield curve between 2-year and 10-year U.S. Treasury bonds inverted for the first time since 2019, an economic recession indicator that has been extremely reliable over the past century.
Since the beginning of the year, Bank of America analyst Ebrahim Poonawala has been bullish on bank stocks in an environment of rising interest rates, but Poonawala said Friday that the yield curve is looking increasingly problematic for bank stock investors.
