How many of us noticed this blip on the economic radar?
Consumers and corporate chieftains alike should check an economic flare the bond market has sent up on the direction of the economy.
Late last month, for the first time in five years, yields were higher on U.S. Treasury bonds maturing in two years vs. similar investments due 10 years from now. That’s a noteworthy reversal of the market norm called an “inverted yield curve” by Wall Street types. This market rarity could signal that a recession is around the bend.