Recently the financial press has had several stories talking about interest rate spreads and inverted yield curves with whispers of the word “recession”. But what exactly is an inverted yield curve and what predictive role does it play in the U.S. economy? The yield curve is the difference in short-term rates like a three-month or 1-year Treasury note and long-term interest rates like on 10 year Treasury bonds. Short-term interest rates paid on Treasury notes […]