After an inversion of the 10Y-3M yield curve, the historical pattern has been for the U.S. economy to continue to expand and for the stock market to make new highs. Contrary to popular belief, there ...
The 2-year vs 10-year yield curve has inverted for the first time since 2019 (chart 1). This bond market phenomenon means the rate of the 2-year note is now higher than the 10-year note yield.