Yield Curve Debate
A longer-term picture will put the steepening in perspective.
10-Year Minus 2-Year Treasury Yield
The yield curve has not inverted this time. But what if it doesn't. There is no universal law that says the yield curve will invert before a recession. Look at Japan for proof.
With so many eyes on the yield curve flattening, perhaps it doesn't.
Mike "Mish" Shedlock