Which Yield Curve Really Matters?

A lot is made about the yield curve inverting and the crossing over.

There are a number of yields curves since we deal with multiple bonds. So the quesiton is which one matters?

The answer is all of them.

One indicator rarely tells the full story. Looking for a market or economic indicator all wrapped up in one signal does not prove reliable.

The key is to look at the trend. Recessions do appear months after the majority of the yield curves invert. So far, not all of them have.

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