The inverted yields on the 2-year and 10-year Treasurys is an odd bond market phenomenon that’s been a reliable indicator of economic recessions. Wall Street often pays special attention to the spread between the 10-year and the 2-year because flips in that part of the yield curve have preceded every recession over the past 50 years. A recession occurs on average 22 months following such an inversion, according to Credit Suisse.