A closely watched indicator of a coming recession is blaring its loudest warning in over 40 years

Jan 9 2023 by Business Insider

 
A trader works on the floor of the New York Stock Exchange.

REUTERS/Brendan McDermid

The Treasury yield curve on the 2 and 10 year notes is at its deepest inversion in over 40 years. The yield curve is a notorious predictor of a recession, and preceded the downturns of 1990, 2001, and 2008. That means it's hard to argue stocks will have strong performance in the near-term, DataTrek said in a note.

The difference between the yield on the 2 and 10-year Treasury notes is the widest its been in...

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