Key Part of U.S. Curve Inverts for First Time Since 2007: Chart
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A widely watched section of the U.S. yield curve inverted on Friday for the first time since 2007, following the Federal Reserve’s dovish meeting this week. The spread between rates on 3-month bills and 10-year Treasuries fell below zero amid a global bond rally. Inversion -- where yields at the short end of the curve are above those at the long end -- has been a reliable indicator of recessions.