The U.S. yield curve inverted further on Wednesday morning, raising alarm bells about a potential recession.
The premium on two-year Treasury yields over 10-year yields 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% and was last down six basis points on the day.
The yield curve inversion comes amid growing concerns about the fallout from a bitter global trade conflict being led by the U.S. and China. The last time the yield curve inverted this much was before the Great Recession of 2008, which resulted in massive turmoil on financial markets and wiped out wealth all over the globe.
