The US yield curve has remained positive
For more than a month, the US yield curve has remained positive:
Over the last 15 months, the gap between 10-year and 3-month Treasury yields has increased significantly, resulting in a positive curve.
Historically, a sharp positive shift in the yield curve has often preceded a recession in the US economy, there is not a specific time pattern.
Something to watch indeed.
Could this time be an exception?
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