What Is the Yield Curve? Wall Street’s Recession Alarm Is Ringing. - The New York Times

An inversion of the bond market’s yield curve has preceded every U.S. recession for the past half century. It is happening again.

On Wall Street, the most commonly referenced part of the yield curve is the relationship between two-year and 10-year yields, but some economists prefer to focus on the relationship between the yield… [+1272 chars]

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