Explaining the ‘yield curve:’ Why drop in bond markets could mean big trouble for economy
Yields on 2-year US Treasury bonds dipped below the yield on the US 10-year bond Wednesday morning. It was the first time the 10-year yield was below the 2-year yield since 2007 — just before the Great Recession. In another worrisome sign, the yield on the 30-Year US Treasury fell to a record low Wednesday of about 2.06%. What’s this mean?
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