U.S. Treasury curve inverts as virus outbreak fans growth fears GlobeInvestor
This translation has been automatically generated and has not been verified for accuracy.The U.S. Treasury yield curve, measured by the gap between yields on three-month and 10-year bonds, briefly inverted on Tuesday for the first time since October as investors worried about the economic impact from a virus outbreak in China.
Investors in turn have rushed into safe-haven U.S. Treasuries, with 10-year yields falling on Tuesday to 1.57%, their lowest since early October. “If the signs were to multiply, there could be a more severe impact not just in China but globally. Markets are starting to speculate the Fed could bring rates down by summer.”
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