Andrew Kelly/Reuters
- The bond market is still flashing a warning signal that an economic recession is imminent.
- The 10-year and 3-month yield curve has been inverted for 212 straight trading days, a record.
- While fewer economists expect a recession, the economy is still poised to suffer from the lagged effects of the Fed's rate hikes.
A bond market signal that has been flashing red for months suggests that an economic recession could still be on the horizon.
The 10-year and 3-month yield curve has been inverted for 212 straight trading days, a record that just surpassed the 1980 inversion and is now the longest stretch since at least 1962, according to data from Bloomberg.