The U.S. Treasury yield curve, as measured by the gap between five and 30-year yields, briefly inverted on Monday for the first time since early 2006, as a sell-off in the bond market resumed, raising concerns about the risk of recession. Investors pay closer attention to the U.S. 2/10 year yield curve for recession signals, but the 5/30 inversion has increased the chances of the former inverting as well. The U.S. 2s/10s yield curve was last at 12.7 basis points , the flattest since March 2020. The 2/10 inversions have preceded the last eight recessions, including 10 of the last 13, according to BoFA Securities in a research note. U.S. five-year yields jumped to 2.673%, their highest since December 2018 and were last down 2 basis points at 2.5529%. U.S. 2-year yields, which are closely tied to the Federal Reserve’s rate outlook, also soared, rising to their strongest level since mid-April 2019. They were last up 2.7 basis points at 2.3256%. Yields on longer-dated maturities, on the other hand, such as those U.S. 10-year notes and 30-year bonds declined. While parts of the yield curve, namely U.S. 5/10 and U.S. 3/10 inverted last week, the slide of the gap between five- and 30-year maturities of the biggest bond market in the world into negative territory raised concerns the Fed’s hawkish approach to tackling inflation might hurt growth. NN: I have never ever seen the yield curve invert without a crashing stock market within 12 months and a full blown recession within 24 months…. All i can say is incoming.