Potential recession signal: A key `yield curve` has inverted
(WorldNews Business)

NEW YORK (AP) - One of the most closely watched predictors of a potential recession just yelped even louder. The signal lies within the bond market, where investors show how confident they are about the economy by their level of demand for U.S. government bonds. It`s called the `yield curve,` and a significant part of it flipped Friday for the first time since before the Great Recession: A Treasury bill that matures in three months is yielding 2.45 percent - 0.02 percentage points more than the yield on a Treasury that matures in 10 years. It seems illogical. Economists call it an `inverted` yield curve. Normally, short-term debt yields less than a long-term debt that requires investors to...