One of the biggest stories over the past few weeks has been the inversion of various points on the U.S. Treasury yield curve. The more well-known 2-year/10-year yield curve spread inverted on April 1, 2022 for the first time since 2019, while the 5-year/30-year inverted for the first time since 2006 on March 28. What is a yield curve? The yield curve plots the yield of different maturity bonds, usually Treasuries. In normal times, a longer dated bond should have a higher yield than a shorter dated bond. Historically, after key parts of the yield curve invert, the economy eventually has moved into a recession. This is why these signals are quiet important. [...]