The gap between the two-year and 30-year U.S. Treasury yields, a closely-followed recession indicator, inverted further on Wednesday.<br />After inverting for the first time on August 14th, the spread widened further to six-point-two basis points, mainly on concerns about the escalating U.S.-China trade war.<br />The yield curve is considered inverted when long-term bonds see their returns fall below those of short-term bonds.<br />According to Credit Suisse, the last five inverted yield curves over the past 50 years all led to recessions that happened an average of 22 months following the first inversion.<br />
