April 19, 2018 / 12:32 PM / a month ago

Goldman says jitters about U.S. yield inversion "overblown"

NEW YORK, April 19 (Reuters) - Goldman Sachs analysts said on Thursday current concerns about a U.S. yield curve inversion among traders as an omen of a looming recession are “overblown,” though an inversion is often followed by a 3-5 percent drop in the S&P 500.

“While we would consider a significant inversion of the Treasury curve a bearish signal, we think such concerns are currently misplaced,” Goldman analysts Charles Himmelberg and Matthieu Droumaguet wrote in a research note. (Reporting by Richard Leong)

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