First, the long - term bond yield curve inverted, meaning markets entered a period where long - term debt had a lower yield than short - term debt. (cnbc.com)
Let's look at an average municipal bond yield curve (Figure 3) over the last five years from 1999 — 2003. (aaii.com)
Naturally, there are those who plan to wait until the Treasury bond yield curve inverts before lowering their allocation to equities. (etfexpert.com)