An Old Recession Boogeyman—the Inverted Yield Curve—Returns, and It’s Spooking Some Investors

Stock investors aren’t supposed to be superstitious, but some market boogeymen are known to predict recessions with impressive accuracy. One of them returned this week for the first time since 2007: the inverted yield curve. In good economic times, yields on government bonds tend to track an upward curve, since longer-term bonds carry a higher […]