The financial media has been abuzz with recent movements in the bond market.
The yield on the 10-year Treasury rate has moved up dramatically this year from 1.5% at the end of last year to 2.3%.
This brief inversion generated alarm bells for some because a 2-year/10-year inversion has preceded every recession since the 1970s.
Still, this is a signal that the business cycle is getting more mature and some riskier parts of the equity market may face incremental headwinds.
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