The father of the yield curve indicator says now is the time to prepare for a recession PUBLISHED AN HOUR AGOUPDATED 25 MIN AGO Jeff Cox @JEFFCOXCNBCCOM @JEFF.COX.7528 KEY POINTS Duke University professor Campbell Harvey says the bond yield curve is “flashing code red” for a recession. The yield for the 3-month Treasury has been above the 10-year since May, a condition known as an inverted yield curve that has predicted the past seven recessions. Harvey encourages investors, business executives and consumers to prepare now.
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