Yield Curve Inverts, Triggering Recession Warning

“The yield on the benchmark 10-year Treasury note on Wednesday broke below the 2-year rate, an odd bond market phenomenon that has been a reliable, albeit early, indicator for economic recessions. The yield on U.S. 30-year bond fell to a new all-time low, dropping past its prior record notch in summer 2016,” CNBC reports.

“The moves shows increasing worries about the global economy as investors rush into safe haven assets.”

“A recession occurs, on average, 22 months following such an inversion.”