ISMS 13: Global Interest Rates - Hikes Slow, Inversion Signals Recession

<h2><strong>World - End of DM ST rate rise, inverted yield curves remain, high rates in EM</strong></h2><p><strong>Level – High ST global and EM rates, yield curve inversion</strong></p><ul><li>World ST rates at 5.3%, DM 3.6%, EM 7.7%</li><li>World 1yr rates at 4.4%, DM 3.4%, EM 5.8%</li><li>World 10yr rates at 4.1%, DM 3.0%, EM 5.6%</li></ul><br/><p><strong>YoY rise – ST rates up massively YoY, small increase in LT rates</strong></p><ul><li>World 3m yield was up 3.2ppts, DM up 3.5ppts, EM up 2.6ppts</li><li>World 1yr yield was up 1.9ppts, DM up 2.6ppts, EM up 0.7ppts</li><li>World 10yr yield was up 0.9ppts, DM up 1.3ppts, EM up 0.1ppts</li></ul><br/><p><strong>Progression – ST rate rise stopped in DM, DM LT rates fell MoM</strong></p><ul><li>3m yield consistently grew over the past 12 months, but DM is flat MoM</li><li>World 1yr yield has fallen for the first time in March 2023, driven by fall in DM</li><li>10yr yield has risen less extreme compared to short-term rates, again DM fell MoM</li></ul><br/><p>&nbsp;</p><p><a href="https://myworstinvestmentever.com/getpdf/" rel="noopener noreferrer" target="_blank"><strong>Click here to get the PDF with all charts and graphs</strong></a></p><p>&nbsp;</p><h3><strong>Andrew’s books</strong></h3><ul><li><a href="https://amzn.to/3qrfHjX" rel="noopener noreferrer" target="_blank"><em>How to Start Building Your Wealth Investing in the Stock Market</em></a></li><li><a href="https://amzn.to/2PDApAo" rel="noopener noreferrer" target="_blank"><em>My Worst Investment Ever</em></a></li><li><a href="https://amzn.to/3v6ip1Y" rel="noopener noreferrer" target="_blank"><em>9 Valuation Mistakes and How to Avoid Them</em></a></li><li><a href="https://amzn.to/3emBO8M" rel="noopener noreferrer" target="_blank"><em>Transform Your Business with Dr.Deming’s 14 Points</em></a></li></ul><br/><h3><strong>Andrew’s online programs</strong></h3><ul><li><a href="https://valuationmasterclass.com/" rel="noopener noreferrer" target="_blank"><em>Valuation Master Class</em></a></li><li><a href="https://