Lukanyo Mnyanda Editor: Business Day

The US yield curve has been behaving in a way that usually worries economists.

An inverted yield curve, a phenomenon in which rates on bonds with longer maturities drop below those on securities with earlier maturity dates, is often a harbinger for an economic slowdown and, more often than not, a recession.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now