, Columnist
The Market Finally Has Its Inversion. Now What?
The latest move in the bond market is unlike anything investors have seen, and not in a good way.
The yield curve inversion has roiled markets.
Photographer: Johannes Eisele/AFP/Getty Images
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The most widely watched part of the U.S. Treasury market’s yield curve has finally inverted. In early Wednesday trading, yields on 10-year notes briefly fell below those on two-year notes for the first time since 2007. Most of the human population will not care about this event. So two questions need answering: Should we care? And, if so, why should we care?