Key yield curve inverts to worst level since 2007, 30-year rate under 2% PUBLISHED TUE, AUG 27 2019 3:37 AM EDTUPDATED MOMENTS AGO Thomas Franck @TOMWFRANCK
The 30-year bond yielded 1.961% and was poised to close below the 3-month bill yield for the first time since 2007.
A 10-year rate below the 2-year yield is viewed by fixed income traders as an important recession prognosticator, marking an unusual phenomenon as bond holders receive better compensation in the short term. The Dow Jones Industrial Average retraced a 155-point gain on Tuesday as bond yields fell.
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