Recession fears grow as US Treasury bond yields invert
The US Treasury 10-year bond notes have officially fallen to a lower yield rate than the 3-month bond notes – the first inversion between these particular bonds since 2007.
The fiscal anomaly is usually an early indicator of recession, and last Friday also say the 3-year bond notes invert against 1-year bonds, with the latter yielding 2.46% compared to only 2.26% for the 3-year bonds.