In October 2024, the yield curve experienced an inversion, having previously remained in negative territory. This is the longest duration of yield curve inversion in history, breaking the record set in 1928, which lasted for 700 days.
That inversion occurred before the Great Depression began. Now the yield curve has steepened back above zero. Textbooks say this is usually a sign that the economy is cooling down, so many people are discussing this now.
