so what does the yield curve look like today here's the yield curve in january 2018 and here it is now you can see it's flattening this is a big deal for the markets and perhaps the strongest signal yet that we're headed toward a bear market but we're not there yet the curve is pretty flat but it's not inverted that means for now there's no reason to believe a recession is imminent but if investors put more and more money in long-term bonds and if the fed keeps raising rates that could change