, Columnist
Yield-Curve Inversion Is Sending a Message
The question is whether it’s saying anything meaningful about the odds of recession.
This what happens when a smile inverts.
Photographer: Alex Wong/Getty Images North AmericaThis article is for subscribers only.
The yield curve just inverted -- again.
Driven by fears of a potential coronavirus pandemic that could cause widespread economic disruption, investment capital sought shelter in longer-term bonds. This flight to safety caused the curve to invert, at least for now.
