📝 Curve Inversions Don't Always Mean The Same: J.P. Morgan Quant Strategy

A curve inversion isn't necessarily a bad economic signal itself, as it may reflect market views that in the near term the economy is running stronger than in the long-term. Market participants should worry when long-term bond yields fall rather than rising short-term yields; this is what happened in 2006 when the Fed was done with its rate hiking campaign. - J.P. Morgan Quantitative Strategy