(CNBC) The relationship between the 10- and 2-year Treasury yield briefly normalized Wednesday, reversing a classic recession indicator. Following economic news that showed a sharp decline in job openings and dovish remarks from Atlanta Fed President Raphael Bostic, the benchmark 10-year yield inched above the 2-year for the first time since June 2022.
Bond market ‘yield curve’ returns to normal from inverted state that had raised recession fears
This entry was posted in Syndicated. Bookmark the permalink.
