The Treasury government bond yield curve has served to predict many of the US economic recessions down the years, but in Europe the curve appears to be a blunter tool in forecasting economic slowdown or recession.

That's the general view of bond market analysts and strategists wondering what the recent inversion of the euro zone yield curve -- where yields on 10-year government bonds plunged below two-year yields -- might tell us about where economic growth in the 15-nation bloc is headed, Thomson Reuters reports.