Bond market 'recession' gauge falters outside United States

LONDON (Reuters) - An inverted government bond yield curve is a fairly reliable omen of recession in the United States but its track record elsewhere is less impressive, including in major economies such as Germany and Japan.The gap between two- and 10-year U.S. Treasury yields shrank this week to its narrowest since 2007 at just 9 basis points, driven by concern that the Federal Reserve seems bent on raising interest rates even though economic indicators are weakening. A less closely-watched..