Recession Warning of Inverted Yield Curve Looks So Last Year

  • Wall Street, asset managers see scope for steeper yield curves
  • PGIM’s Sheets predicts no U.S. recession after 2019 inversion
Photographer: Michael Nagle/Bloomberg
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If 2019 was the year the yield curve went mainstream, with an inversion sending a stark recession warning, then 2020 is already shaping up as a welcome return to normality.