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Podcast

The U-shaped yield curve explained: What it means for rates, recession, and strategy

Date:
May 21, 2025
  • Reuben Daniels headshot

    Authors

    Reuben Daniels

    Managing Director
    Head of Investment Banking

    New York

  • laura grant headshot

    Authors

    Laura Grant

    Managing Partner
    President

    Kennett Square

Summary

In this episode of Expert Conversations: Beyond, Reuben Daniels and Laura Grant explore the rare U-shaped yield curve, seen only 3% of the time in the past 50 years. What does this unusual shape suggest about the future of interest rates and the broader economy? How should financial leaders interpret the divergence between market expectations and central bank signals? With historical context, strategic insights, and practical guidance, this episode helps you navigate the uncertainty and prepare for potential shifts in the capital markets.


About the Expert Conversations series

Expert Conversations with Chatham brings together leading voices to explore important trends and themes for capital markets professionals. Business leaders provide valuable insights on the latest market developments and beyond. Tune in for in-depth discussions that offer fresh perspectives and expert analysis.


Expert Conversations with Chatham


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About the authors

  • Reuben Daniels

    Managing Director
    Head of Investment Banking

    New York

    Reuben provides capital markets strategies and capital raising access for our corporate and financial sponsor clients to achieve their business and financial objectives.
  • Laura Grant

    Managing Partner
    President

    Kennett Square

    Laura Grant is a Managing Partner and Chatham Financial’s President, leading the global sector businesses and operations of the firm. In her role as President, and as a member of board of directors, Laura provides strategy and capital markets expertise.

Disclaimers

Chatham Hedging Advisors, LLC (CHA) is a subsidiary of Chatham Financial Corp. and provides hedge advisory, accounting and execution services related to swap transactions in the United States. CHA is registered with the Commodity Futures Trading Commission (CFTC) as a commodity trading advisor and is a member of the National Futures Association (NFA); however, neither the CFTC nor the NFA have passed upon the merits of participating in any advisory services offered by CHA. For further information, please visit chathamfinancial.com/legal-notices.

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Securities activities conducted by Chatham Financial Securities, member FINRA and SIPC.

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