ARTICLE SYNOPSIS...Since the 1960s, recessions have followed every time 10-year Treasury yields have dropped below 3-month yields and stayed there. This ratio turned negative in May. In this article we explore how to track this indicator using free, publicly available data
ARTICLE SYNOPSIS...When the yield curve, defined by short-term rates dropping below long term, inverts, it generally indicates economic weakness. It has now been inverted for the most part since May.