Understand when the US yield curve inverted and when recessions took place. Select from Federal Funds Rate, 3 month yield, 2 year yield and 10 year yield.
Default ratio = Federal Funds Rate / 10 year yield
When line goes from white to red = inversion When line goes from red to white = un-inversion
Yellow shading shows times when the rates are inverted. Blue shading shows when recessions officially occurred.