By Staff Reporters
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The corporate technology layoff slump is affecting a wide range of companies. Cryptocurrency company BlockFi, which had grown nearly sixfold in 2021, announced it was laying off 250 people. Privacy and marketing company OneTrust let go 950 employees, Stitch Fix cut 330 and identity-verification company ID.me dismissed 130. Transportation company Bird slashed a similar number, while PolicyGenius gave pink slips to 170.
Ten Year Treasury: 3.484%
And, warning signs are also flashing in global bond markets, revealing the extent to which investors are on edge about the economy, inflation and what central bankers will do next. For example, the yield on benchmark 10-year US Treasuries — which moves opposite prices — jumped from 3.36%. The yield on the 2-year Treasury climbed even higher as investors dumped those notes. That created an unusual phenomenon known as a “yield curve inversion.”
CITE: https://www.r2library.com/Resource/Title/0826102549
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Filed under: Alerts Sign-Up, Health Economics, Investing | Tagged: bond markets, bond yield, inverted yield, layoffs, normal yield curve, yield curve, yield curve inversion |
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