The yield curve makes its deepest inversion since October
The U.S. Treasury yield curve inverted again, with 3-month Treasury bills holding a higher yield (1.56%) than 10-year Treasury notes (1.46%).
The big picture: This is the second time the yield curve has inverted in a matter of weeks, and the third time in a matter of months. It's the deepest the yield curve has been inverted since Oct. 9.
Why it matters: Economists at the Fed call the 3-month/10-year inversion the "best summary measure" of economic downturn and a yield curve inversion has preceded every recession of the last 50 years within approximately six to 24 months.