Bob explains that the yield curve has gone back to a “normal” upward sloping configuration, with 10-year Treasuries yielding more than the 3-month T-Bill. Bob reviews the historical pattern and the theory behind it, and also provides an estimate of when the next recession will hit.
Related:
– https://mises.org/understanding-money-mechanics/inverted-yield-curve-and-recession
– https://content.infineo.ai/articles/the-yield-curve-uninverts