Recession is coming: the inverted yield curve and what it means

An inversion in the yield curve is one of the most respected predictors of a forthcoming recession - the last time it occurred was in 2006. Now the yield curve has inverted again; what does this mean for your portfolio?

NAB's fixed income guru Mark Todd talks to Gemma Dale about how a yield curve normally works and explains:

• The likelihood of a recession based on this indicator
• The difference between correlation and causation
• Why fixed income markets are showing signs of caution, and
• How to prepare if bond markets are right this time.

If you are pressed for time, consider listening at 1.5x or 2x the usual speed – this can actually improve your retention of information while saving time.