FYI: There’s a lot of folly in trying to predict markets. Still, everyone is trying to predict the next recession.
One of the commonly used metrics in that exercise is the steepness of the U.S. Treasury yield curve. Some measure that as the spread between two-year and 10-year Treasury yields, some look at three-month and 10-year. Either way, the curve has been flat this year—and flattening—to a point where some now are looking for an inversion in the yield curve in the near future.
Regards,
Ted
https://www.etf.com/publications/etfr/reading-treasury-yield-curves?nopaging=1
