Economic Research: Will China’s Flat Yield Curve Flatten Commodities?

View in your browser

Will China’s Flat Yield Curve Flatten Commodities?

By Erik Norland, Senior Economist, CME Group

Highlights:

  • U.S. yield curve signals no recession in sight despite rate hikes
  • Flat Chinese yield curve suggests a major slowdown possible in mid-2018
  • China’s crackdown to tighten credit could have flattened its yield curve
  • Any recession in China’s economic growth could hurt commodities