For the fourth time since 1988, the spread between the 10-year and 2-year Treasury yield has moved below 0.0%.
As shown by the shaded areas on the chart, each of these time periods preceded U.S. recessions.
1989: Yield Inversion. Recession
2000: Yield Inversion. Recession
2006: Yield Inversion. Recession
“How I Stopped Worrying
and Learned to Love Inflation”