August 5, 2019 / 12:33 PM / 2 months ago

TREASURIES-U.S. 3-month, 10-year curve inversion deepest April 2007

NEW YORK, Aug 5 (Reuters) - U.S. Treasury yields tumbled on Monday, as fears over escalation of trade U.S.-Chinese tensions renewed concerns about an economic downturn, sparking a fresh round of buying of U.S. government debt and other perceived less risky assets.

At 8:25 a.m. (1245 GMT), the difference between the three-month Treasury bill rate and 10-year yields grew to nearly 27 basis points, the widest since April 2007. This curve “inversion” between the two maturities has preceded every U.S. recession in the past 50 years. (Reporting by Richard Leong; Editing by Steve Orlofsky)

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