Spread on 2- and 10-year Treasury yields shrinks to almost minus 80 basis points, remains at most inverted level in 41 years


One of the bond market’s most widely followed recession gauges dipped further below zero on Wednesday, signaling deepening concerns about the U.S. economic outlook. The spread on 2- TMUBMUSD02Y, 4.496% and 10-year Treasury yields bx:tmumbusd10y shrank to as little as minus 79.5 basis points, remaining at its most inverted level in 41 years. The inversion was being driven by a continued drop in the 10-year Treasury rate, to 3.72%, as investors fret about China’s ongoing COVID-19 restrictions.

This article was originally published by Marketwatch.com. Read the original article here.

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