The yield curve briefly inverted this past week—and that’s a recession signal that is either like Paul Revere’s ride or the boy who cried wolf. The good news: Investors don’t need to decide which just yet.
The yield curve refers to the difference in yields between differing maturities of Treasuries. Normally, short-term bills, with maturities measured in weeks or months, pay less interest than longer-term notes and bonds, leading to an upward-sloping curve. Sometimes, though, longer-term yields are lower than shorter-term…
