When to worry about the yield curve signalling recession

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Regular readers will know that I’ve been tracking the bear flattening in the US yield curve for some time:

And have noted that despite their respective outlooks favouring the US, the Aussie curve is now steeper:

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Citi today looks at when to worry about the US curve:

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.