FILE PHOTO – Traders work on the floor of the New York Stock Exchange shortly after the closing bell in New York, U.S., August 23, 2019. REUTERS/Lucas Jackson
August 28, 2019
LONDON (Reuters) – A key part of the U.S. yield curve, a closely-followed recession indicator, inverted further on Wednesday while 30-year Treasury yields fell to a few record low on growing concern about the fallout from a bitter global trade conflict.
The premium on two-year Treasury yields over 10-year yields <US2US10=TWEB> was at 6.2 basis points, a level not seen since 2007, according to Tradeweb data.
The U.S. 30-year Treasury yield fell to a record low of 1.906% <US30YT=RR> and was last down 6 basis points on the day.
(Reporting by Dhara Ranasinghe; Editing by Tommy Wilkes)
