Bond market 'yield curve' returns to normal from inverted state that had raised recession fears
Publishing timestamp: 2024-09-04 14:00:47
Summary
The relationship between 10- and 2-year Treasury yield briefly normalized, reversing a classic recession indicator. The benchmark 10-year yield inched above the 2-year for the first time since June 2022, but this does not necessarily signal good times ahead. The job openings unexpectedly declined in July, bringing supply and demand almost even, while Atlanta Fed President Raphael Bostic indicated readiness to start reducing rates even with inflation running above the central bank's goal.
Sentiment: MIXED
Tickers: 10Y2YS,
Keywords: business news, breaking news, breaking news: economy, economy, u.s. 10 yr/2yr spread,