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There is a yield curve inversion that's supposedly more accurate in predicting the oncoming recession, than the 10yr-3mo
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Ah, found it! There is a yield curve inversion that's supposedly more accurate in predicting the oncoming recession, than the 10yr-3mo ( https://fred.stlouisfed.org/series/T10Y3M/ ) curve inversion. The more accurate one is the "Near Term Forward Spread", described as "difference between the expected 3-month interest rate 18-months from now minus the current 3-month yield." Interactive chart is available here, below zero means inverted aka recession imminent: https://www.neartermforwardspread.com/