Yield curve typically tells you that the market is signalling that an economic slowdown is on the way. The yield cuve isn't inverted at the moment, but it's flattened quite a bit,. But still upward sloping. Going back to predicting recessions, let's listen to the yield curve just before the two thousand eight recession. And this is when short term interest rates rose higher than rates for long term treasuries. That tells us that the yield curve is inverted, as we say. Now what that basically tells you is the market is expecting interest rates to be cut. Is bad news.