Arcane Piece of Data Used to Predict Next US Recession
(World News USA)

When U.S. economists and stock market analysts ponder whether an economically debilitating recession is on the horizon, they often look to an arcane piece of data: whether a yield curve inversion of interest rates on government bonds is occurring. It`s called an inverted yield curve. Specifically, they look at the interest rates for two- and 10-year U.S. Treasury notes. Typically, interest rates on longer-term government bonds are higher than those for shorter periods of time. But when that interest rate phenomenon is reversed, as occurred Wednesday, it can be a sign that investors have worries about the immediate state of the U.S. economy, the world`s largest, and are demanding a...