The U.S. Treasury yield curve is a key economic indicator that shows the relationship between the yield (interest rate) and the maturity of U.S. Treasury securities.
An inverted yield curve occurs when short-term interest rates (e.g., 2-year Treasury yields) exceed long-term rates (e.g., 10-year Treasury yields). Historically, inversions of the yield curve have been considered a potential indicator of a future economic slowdown or even a recession.
Currently, the U.S. Treasury yield curve is uninverted, meaning the yields on longer-term bonds (such as the 10-year Treasury) are higher than those on shorter-term bonds (such as the 2-year Treasury).