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On August 28, 2019 the following item made the news: On Aug. 27, the yield-curve inversion deepened. The yield on the three-month Treasury bill was

On August 28, 2019 the following item made the news: On Aug. 27, the yield-curve inversion deepened. The yield on the three-month Treasury bill was as much as 52 basis points higher than the 10-year note. What might this inversion indicate? [Basis points (BPS) refer to a common unit of measure for interest rates and other percentages in finance. One basis point is equal to 1/100th of 1%, or 0.01%, or 0.0001, and is used to denote the percentage change in a financial instrument.]

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