How to protect your savings if a recession is on the horizon
An inversion in Treasury yields has stoked investor concerns that a recession might be on the horizon, but strategists say there are steps you can take now to protect your savings.
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With a historical indicator of recessions flashing red this week, financial experts have shared their top tips on how to protect your savings — and even invest — if an economic downturn is indeed around the corner.
On Monday, the yield on the five-year Treasury rose above the interest rate on the 30-year U.S. government bond for the first time since 2006. The more closely-watched spread is between two-year and 10-year yields, which then inverted on Thursday for the first time since 2019, indicating a lack of confidence about the health of the economy.
And it’s not just the bond market that’s jittery about the possibility of a recession. Famed investor Carl Icahn and economist Mohamed El-Erian have both told CNBC in the…
