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PrintUS 2/10 Treasury yield curve turns positive
BY Reuters | TREASURY | 09/04/24 10:26 AM EDTSept 4 (Reuters) - The closely watched yield curve between two-year and 10-year Treasury note yields turned positive on Wednesday, which may be a bearish indicator for the U.S. economy.
This part of the yield curve has been mostly inverted since July 2022, and only briefly turned positive on August 5 before turning back negative again.
The inversion in the yield curve, in which longer-dated yields are lower than shorter-dated ones, is typically viewed as a sign that a recession is likely within the next 18 months to two years, though the current inversion has lasted longer than in previous episodes.
The curve then typically turns positive before an economic downturn sets in as investors price in interest rate cuts by the Federal Reserve.
The yield curve between two- and 10-year yields was last at 0.40 basis points. (Reporting By Karen Brettell)
