Leading Economic Index

Bonds are bought if the economic outlook is bad, so if the 10-year interest rate on US bonds falls (a situation where government bonds are safe assets are being bought), it seems that eventually the Fed will cut interest rates to improve the economy. It seems like you can see the future of the economy by looking at 10-year government bonds ✨

Interest rates on 10-year government bonds fell, recession, and eventually the Fed cut interest rates.

Interest rates on 10-year government bonds rose, the economy boomed, and eventually the Fed raised interest rates.