to your HTML Add class="sortable" to any table you'd like to make sortable Click on the headers to sort Thanks to many, many people for contributions and suggestions. Licenced as X11: http://www.kryogenix.org/code/browser/licence.html This basically means: do what you want with it. */ var stIsIE = /*@cc_on!@*/false; sorttable = { init: function() { // quit if this function has already been called if (arguments.callee.done) return; // flag this function so we don't do the same thing twice arguments.callee.done = true; // kill the timer if (_timer) clearInterval(_timer); if (!document.createElement || !document.getElementsByTagName) return; sorttable.DATE_RE = /^(\d\d?)[\/\.-](\d\d?)[\/\.-]((\d\d)?\d\d)$/; forEach(document.getElementsByTagName('table'), function(table) { if (table.className.search(/\bsortable\b/) != -1) { sorttable.makeSortable(table); } }); }, makeSortable: function(table) { if (table.getElementsByTagName('thead').length == 0) { // table doesn't have a tHead. Since it should have, create one and // put the first table row in it. the = document.createElement('thead'); the.appendChild(table.rows[0]); table.insertBefore(the,table.firstChild); } // Safari doesn't support table.tHead, sigh if (table.tHead == null) table.tHead = table.getElementsByTagName('thead')[0]; if (table.tHead.rows.length != 1) return; // can't cope with two header rows // Sorttable v1 put rows with a class of "sortbottom" at the bottom (as // "total" rows, for example). This is B&R, since what you're supposed // to do is put them in a tfoot. So, if there are sortbottom rows, // for backwards compatibility, move them to tfoot (creating it if needed). sortbottomrows = []; for (var i=0; i
Since the Fed opted to keep (HT: William Polley) the Federal Funds Rate at 5.25%, and that the spread between the yields of the 3-Month (4.93%) and 10-Year (4.92%) U.S. Treasuries is flat at -0.01% as of market close yesterday, the current odds of a recession occurring in the U.S. sometime in the next 12 months is 37%. Or to be more precise, 37.3%.
Visualizing this data gives us the following picture:
For the odds of recession to reach the 50% threshold, the yield curve for U.S. Treasuries would need to invert by 0.44% for the current 5.25% Federal Funds Rate. In other words, for yesterday's 3-Month Treasury yield of 4.93%, the yield of the 10-Year Treasury would have to be 4.49% or less for the probability of recession beginning in the next 12 months to rise above a 1 in 2 chance of happening.
Question of the Day: For that kind of yield curve inversion to happen, what does that say about the bond market's expectations for inflation?
Update: Barry Ritholtz parses the Fed's statement!
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Closing values for previous trading day.
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