Treasury Options and Yield Curve Cycle Since 2007

This great chart shows that we are in a late business cycle.

The spread between the 30-year and the 3-month treasury yields is one of the most interesting spreads to watch.

In recent history, a recession occurs about 12 to 18 months after the yield curve inverts.

Image: CME Economic Research Group

Treasury Options and Yield Curve Cycle since 2007