← All posts Markets · 9 min

The Yield Curve, Explained Without the Jargon

Daniel Ortiz · April 24, 2026

Normally, lending money for longer pays more. When the curve inverts, short-term yields exceed long-term ones — a sign markets expect rate cuts, which usually means trouble ahead.

Every US recession since 1955 has been preceded by an inversion. The signal is loud, the timing is not.