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Sep 09 2024

Has The Inversion Ended?

  • Sep 9, 2024

The yield curve is back in the spotlight, as the yield spread between the 10-yr. Treasury and 2-yr. Note finally flipped positive on September 4th, after a record 26 months of inversion. While some economists claim this steepening implies a recession is now imminent, the historical record of such “un-inversions” is a mixed bag—in some cases the recession was still eight months- to over one-year away.

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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager