The US 3-year and 5-year yield curves have inverted!

The US 3-year and 5-year treasury's yield curves have inverted!

3-year yield is above 5-year yield now!

What does this mean?

This means that the investors have no confidence in the short-term US economic growth and the US has no money to repay its shorter-term debt which has resulted in the inverted yield curve.

Although the mainstream indicator is the 2-year and 10-year yield curves which have not inverted yet, these shorter-term inverted yield curves may be a harbinger of a recession looming in the future.

Please watch the yield curve closely.