New York CNN —
For much of the last two years, the 2-year US Treasury yield has traded above the 10-year yield. When that happens, it historically has meant a recession is looming. So you’d think that investors and economists would have celebrated last week when that warning sign stopped flashing.
Yet red flags are now being raised over the fact that Treasury yields are moving back in a direction that’s considered “normal.” (Yes, you read that correctly.)
When the 2-year Treasury yield trades above the 10-year, it’s a phenomenon known as an inverted yield
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