While credit spreads and leading indicators appear to be fairly well behaved, many have noted the sinister looking shape of the yield curve, near its flattest level since before the global financial crisis (see the chart below). (blackrockblog.com)
Though I'm not inclined to put much weight on projections or forecasts, the present shape of the yield curve is one that has historically been followed by a parallel upward shift in interest rates at all maturities. (hussmanfunds.com)
In a balanced economic environment, longer - term investments demand a higher rate of return than shorter - term investments, thus the upward sloping shape of the yield curve. (investopedia.com)