August 7, 2019 / 1:04 PM / 12 days ago

TREASURIES-U.S. 3-month, 10-year yield inversion deepest since March 2007

NEW YORK, Aug 7 (Reuters) - The U.S. bond market indicator on recession grew to its most elevated levels since March 2007 on Wednesday as Treasury yields took another dramatic drop, while German yields fell to record lows on fears about a global downturn and after more central banks cut rates.

At 8:52 a.m. (1452 GMT), the premium on three-month bill rates above 10-year note yields grew to 37 basis points, the highest level since March 2007, according to Refinitiv data.

This inversion between the two maturities has preceded every U.S. recession in the past 50 years. (Reporting by Richard Leong; Editing by Bernadette Baum)

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