US recession warning? Part of yield curve inverts for first time in 16 yrs

Treasuries slumped anew to send a widely-watched part of the US yield curve to its first inversion in 16 years. The curve is flattening as investors bet the Federal Reserve will tighten policy rapidly enough to risk a sustained slowdown in growth.
 

US five-year yields climbed nine basis points to 2.63 per cent, rising above those on 30-year bonds. 
 

Shorter maturities have been selling off faster than their longer-dated peers this year as investors ratchet up expectations the Fed will hike rates to combat inflation.   
 

The spread between five- and 10-year Treasuries inverted earlier this month. The Fed raised