Interest rate inversions reflect questions about economy’s health

We’re within spitting distance of the long-awaited inversion of the yield curve. The yield curve between the 2-year and 10-year notes ended the day at 2.37% and 2.40%. An inverted yield curve is one of the most reliable indicators of a looming recession, but it’s also subject to a wide range of interpretations. Still, the flattening curves reflect growing concerns on Wall Street that the Fed is going to have to push the economy into a recession by jacking up rates if it’s really going to get inflation under control. The three-month bill that’s supposed to have the best track record of predicting economic downturns is still hugely positive right now. The curve between three months and 10 years remains hugely positive . . .