sanman
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Recession is coming -- thanks Joe
Inversion of key U.S. yield curve slice is a recession alarm
A closely monitored section of the U.S. Treasury yield curve inverted on Tuesday for the first time since September 2019, a reflection of market concerns that the Federal Reserve could tip the economy into recession as it battles soaring inflation.
www.reuters.com
Inversion of Key U.S. Yield Curve Slice Is a Recession Alarm
NEW YORK, March 29 (Reuters) - A closely monitored section of the U.S. Treasury yield curve inverted on Tuesday for the first time since September 2019, a reflection of market concerns that the Federal Reserve could tip the economy into recession as it battles soaring inflation.
For a brief moment, the yield on the two-year Treasury note was higher than that of the benchmark 10-year note . That part of the curve is viewed by many as a reliable signal that a recession could come in the next year or two.
The 2-year, 10-year spread briefly fell as low as minus 0.03 of a basis point, before bouncing back above zero to 5 basis points, according to data by Refinitiv.