The three-month rate fell, the one-month and six-month rates stayed the same, and all other rates rose in October.  The yield curve widened from the previous month thus ending its narrowing streak of one month.  The one-month bill did not maintain the lowest rate throughout the month and shared it with the three-month on several occasions.  There were no moves upwards on short-term rates thus decreasing the risk of an inversion brought upon by rising short-term rates.  Such an inversion, if it were to happen would be a strong indicator for an upcoming recession.

The chart above shows the annualized nominal gross domestic product (GDP) quarterly growth rate in each EU and US region as of the second quarter of 2020 and the growth rate from one year prior.  Every single region's economy contracted both over the previous quarter and the same quarter last year.

The chart above shows the annualized nominal gross domestic product (GDP) quarterly growth rate in each EU region as of the second quarter of 2020 and the growth rate from one year prior.  Every single region's economy contracted both over the previous quarter and the same quarter last year.

The chart above shows the annualized nominal gross domestic product (GDP) quarterly growth rate in each US region as of the second quarter of 2020 and the growth rate from one year prior.  Every single region's economy contracted both over the previous quarter and the same quarter last year.

The chart above shows the annualized nominal gross domestic product (GDP) quarterly growth rate when the GDP is priced in US dollars in each EU and US state as of the second quarter of 2020 and the growth rate from one year prior.  Every single state's economy contracted both over the previous quarter and the same quarter last year.

The chart above shows the annualized nominal gross domestic product (GDP) quarterly growth rate in each EU state as of the second quarter of 2020 and the growth rate from one year prior.  Every single state's economy contracted both over the previous quarter and the same quarter last year.

The chart above shows the annualized nominal gross domestic product (GDP) quarterly growth rate in each US state as of the second quarter of 2020 and the growth rate from one year prior.  Every single state's economy contracted both over the previous quarter and the same quarter last year.

The chart above shows the per capita annualized nominal gross domestic product (GDP) in each EU and US region as of the second quarter of 2020 in US dollars, the change from the previous quarter, and the per capita GDP one year prior.  Every single region's economy contracted over the past quarter and over the past year.

The chart above shows the per capita annualized nominal gross domestic product (GDP) in each EU region as of the second quarter of 2020 in euros, the change from the previous quarter, and the per capita GDP one year prior.  Every single region's economy contracted over the past quarter and over the past year.

The chart above shows the per capita annualized nominal gross domestic product (GDP) in each US region as of the second quarter of 2020 in dollars, the change from the previous quarter, and the per capita GDP one year prior.  Every single region's economy contracted over the past quarter and over the past year.