Rate cut by September

	Rate	3 month	6 month	1 year	2 year	3 year
Jun 21, 2019	2.35%	5.875	5.875	5.875	5.875	5.875
Sep 21, 2019	2.10%		5.25	5.25	5.25	5.25
Dec 21, 2019	1.85%			4.625	4.625	4.625
Mar 21, 2020	1.85%			4.625	4.625	4.625
Jun 21, 2020	1.60%				4	4
Sep 21, 2020	1.60%				4	4
Dec 21, 2020	1.60%				4	4
Mar 21, 2021	1.85%				4.625	4.625
Jun 21, 2021	1.85%					4.625
Sep 21, 2021	1.85%					4.625
Dec 21, 2021	1.85%					4.625
Mar 21, 2022	1.85%					4.625
Total interest paid		5.875	11.125	20.375	37	55.5
Num quarters		1	2	4	8	12
Total Annualized Return		2.37%	2.24%	2.04%	1.83%	1.82%
Actual as of 6/5		2.35%	2.25%	2.04%	1.83%	1.81%

The bond market is now predicting rate cuts in September, December and June 2020.  Previously (just 2 days ago), it was predicting rate cuts in December, March 2020 and June 2020.

So expect something drastic between now and September that would force the Fed to react, maybe a stock market crash or maybe a jump in the unemployment rate. And the recession should start in December 2019.