The latest U.S. jobs report led investors to raise the yield on the 2-year Treasury note to its highest level in 16 years while dumping their stocks. There was serious concern that strong U.S. employment levels would encourage the Federal Reserve to continue raising interest rates. The latest jobs estimate from ADP put pressure on…
Two-Year U.S. Treasury Yields Hit 16 Year High, as Investors Are Spooked by Latest Jobs Report
July 8, 2023
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Recession Red Flag Flashes as Bellwether 2-10 Yield Curve Inverts
A recessionary red flag was raised on Monday when the yield curve inverted on the bellwether 2-year/10-year U.S. Treasury spread on expectations that the Federal Reserve might tighten monetary policy faster and further in a bid to tame soaring inflation. The U.S. 2-year Treasury yields climbed above 10-year borrowing costs on June 13 for the first…
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