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Subject Treasuries yield curve just inverted for the first time in more than a decade. *2007*

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Original Message Curve falls below zero for the first time since 2007

The spread between 3- and 5-year yields fell to negative 0.6 basis points Monday, dropping below zero for the first time since 2007. It’s not the best-known measure of the curve. The 2- to 10-year gap is more closely watched as a potential indicator of pending recessions. But Monday’s move could be the first signal that the market is putting the Federal Reserve on notice that the end of its tightening cycle is approaching.

[link to www.bloomberg.com (secure)]

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