Over the last couple of weeks, I have seen several bloggers make a fuzz about the fact that the Treasury yield curve is steepening and no longer inverted. The general thrust (either stated explicitly or heavily implied) of these articles is that since the yield curve is no longer inverted, there won’t be a recession.
This is not how yield curve inversions work
This is not how yield curve inversions work
This is not how yield curve inversions work
Over the last couple of weeks, I have seen several bloggers make a fuzz about the fact that the Treasury yield curve is steepening and no longer inverted. The general thrust (either stated explicitly or heavily implied) of these articles is that since the yield curve is no longer inverted, there won’t be a recession.