Barry Ritholtz, 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 America
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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.