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Major Financial Indicator Flashing Red As It Approaches Level Not Seen Since Great Recession
Yields on 30-year Treasury bonds spiked Friday to levels last seen during the 2007-2009 financial crisis as markets continued to react negatively to fallout from the Iran war and the federal government’s fiscal crisis…
Reporting · 1 source · Jul 1, 2026Read itThe journal
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About Great Recession
The Great Recession was a period of contraction in economies around the world that occurred from late 2007 to mid-2009, overlapping with the closely related 2008 financial crisis. The scale and timing of the recession varied from country to country. At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression of the 1930s.
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