Recession fears grow as yield curve inverts further

Mittwoch, 28. August 2019 14:30

Fears of a recession in the United States continued to grow on Wednesday as government bonds traded with gains and their yields, which move in the opposite direction, dipped. The main part of the Treasury yield curve inverted even further, reaching the worst level since 2007.

The yield on the two-year note declined by 0.026 basis points to reach 1.504% at 8:21 am ET, topping the 10-year Treasury yield, which lost 0.029 basis points to hit 1.463% at the same time. Furthermore, the 30-year bond yield dropped to a fresh all-time low of 1.905%. At 8:22 am ET, the yield on the 30-year Treasury was down by 0.046 basis points at 1.92%.

Their corresponding bond futures were 0.01% higher for the 2-year note and 0.07% and 0.28% higher for the 10-year and 30-year Treasuries, respectively.

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