3/21/24 marked the 625th consecutive day of the inversion of the 2-10 yield curve. This means the yield on the 2-year Treasury has consistently exceeded the yield on the 10-year Treasury since early July 2022, breaking the record of 624 days in 1978. Yield curve inversions occur when the Fed battles inflation, and are closely followed since, dating back to 1970, every inversion has preceded a recession.