Friday was not pretty. For the first time since 2007, the long-term yields fell below the short-term yields (3 months USA Treasury bills (yield-2.46%p.a.) vs. 10-year Treasury notes (yield-2.45%p.a.)). This red-flag event is call an inverted yield curve and is a reliable recession predictor. To be clear, yields DROP as investor interest GOES UP. ThatRead more