The gap between shorter- and longer-term Treasury yields stands near its narrowest in more than a decade entering the fourth quarter, a cautionary sign about the economy that has investors reassessing earlier predictions that rates would continue to rise. The so-called yield curve, which measures the dispersion between shorter-term and longer-term rates, is a crucial indicator of sentiment about the prospects for economic growth. Investors monitor the curve closely because short-term rates have exceeded longer-term ones before...

Source: Wall Street Journal September 30, 2018 12:56 UTC