Here's a US recession indicator nudging its highest since 2007

Via Reuters a report on TD Securities modelling

TD says its model projects a 55% chance of a US recession within 12 months, highest since March 2007

• its model projects a 67% chance of a US. recession in 12-24 months

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• recession model is based on the spread between US 3-month bill rates, 10-year note yields, which is now inverted