A key indicator of a recession flashed a warning light two years ago. That metric once had a perfect record, but there hasn't been a crash yet. Our colleagues at The Indicator From Planet Money, ...

One of the main stories in the money and bond markets of late has been the development of inverted yield curves in the Treasury (UST) market. Indeed, a variety of intra-maturity spreads have witnessed ...

Two years ago, the yield curve inverted. That means short-term interest rates on Treasury bonds were unusually higher than long-term interest rates. When that's happened in the past, a recession has ...

The inverted yield curve is one of the more reliable recession indicators. I discussed it at length last December. At that point, we had not yet seen a full inversion. Now we have, and it appears the ...

My last analysis on Cohen & Steers Infrastructure Fund (UTF) was published about 3 months, in early January 2025. That article was titled “UTF: Time To Take Some Profit (Rating Downgrade).” That ...

The yield curve has long been a closely watched indicator of economic health. When the yield curve inverts, meaning short-term interest rates exceed long-term rates, it is often seen as a harbinger of ...

As explained in Prof. Robert Jarrow's book cited below, forward rates contain a risk premium above and beyond the market's expectations for the 3-month forward rate. We document the size of that risk ...

Two years ago, the yield curve inverted. That means short-term interest rates on Treasury bonds were unusually higher than long-term interest... Can the yield curve still predict recessions? Two years ...