Treasury Yields Curve Keeps Showing Recession Fears
Long-term Treasury yields edge lower while shorter maturities rise, further flattening the yield curve as recession fears mount. The 10-year falls to 2.457% from 2.491% Friday, while the two-year rises to 2.307% from 2.299%. “We expect markets to remain extremely volatile as we work through the data over the coming weeks,” AmeriVet’s Gregory Faranello says. Investors watch economic data to assess central banks’ ability to tame inflation without causing output to contract, with a major gauge, March’s nonfarm payrolls, coming out Friday.
Paul Trevisani, WSJ and Dow Jones reporter (firstname.lastname@example.org; @ptrevisani)