Last time Canada's yield curve inversion was this steep was just before the early 1990s recession

The yield on Canada’s benchmark 2-year debt reached 100 basis points above 10-year bonds on Monday. It’s the largest gap since the early 1990s, just as the country’s economy was plunging into a deep downturn. The two-year yield was just below 3.8 per cent at 8:13 a.m. Toronto time.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.We encountered an issue signing you up. Please try againA yield-curve inversion often precedes a recession as investors move money to longer-duration debt in the face of rising near-term economic concerns.

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