Skip to main content

Those waiting for a full inversion before worrying about recession can start worrying today.

Yield Curve Spreads

Image placeholder title

Scroll to Continue


There are too many inversions for me to draw all the arrows. Suffice it to say the 10-year note has now inverted with the 1-month T-Bill.

And from the 5-Year Note through the 1-month T-bill, every duration level is inverted with every duration level beneath it.

We have near-full inversion except for the 30-year long bond.

Recession Time!