Treasury yields are back on the rise Tuesday
Treasurys resumed a selloff Tuesday, pushing up yields, particularly for shorter dated maturities, and sending a measure of the yield curve closer to inversion, triggering a closely watched recession indicator.
Yield moves Market drivers The 10-year Treasury yield traded around 8 basis points above the 2-year yield, with the spread narrowing from just under 14 basis points Monday afternoon. If the 2-year yield trades above the 10-year, it would represent an inversion of that measure of the curve, a reading that has been a reliable precursor of past recessions, albeit with a lag.
In One Chart: ‘The dam finally broke’: 10-year Treasury yields spike to breach top of downward trend channel seen since mid-1980s, says Deutsche Bank
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