Yields on U.S. 10-year Treasury notes <US10YT=RR> slid below those on two-year notes <US2YT=RR> on Wednesday, delivering a reliable recession signal and sending shudders through global financial markets.
The spread between yields on U.S. two-year and 10-year notes, a closely watched metric, is likely to invert for the first time since 2007. That would follow the inversion of another part of the yield curve earlier in the year. Here is what that means.
NEW YORK/WASHINGTON Growth in U.S. manufacturing activity slowed in May to its weakest pace in over two years as factory managers raised concerns about a trade war between the United States and China, a national survey showed on Monday.
The inversion of the U.S. Treasury yield curve extended to 3-month bills for the first time since 2007. Here is what that means.
WASHINGTON, March 20 The Federal Reserve will remain the top holder of U.S. Treasuries for the foreseeable future after the central bank said it would stop shrinking its $4 trillion balance sheet by the end of September.
WASHINGTON The Federal Reserve will remain the top holder of U.S. Treasuries for the foreseeable future after the central bank said it would stop shrinking its $4 trillion (£3.02 trillion) balance sheet by the end of September.
NEW YORK The figure at the centre of the U.S. college cheating scandal spoke twice in the past decade at events hosted by Pacific Investment Management Co (Pimco), one of the world's largest asset managers whose former chief executive is ensnared in the fraud, the company said on Friday.
NEW YORK Headline U.S. job growth hit the brakes in February, registering the smallest gain since September 2017 and the third-smallest during the unprecedented run of 101 consecutive months of payrolls gains.
Hong Kong police fired volleys of tear gas to break up anti-government protests in a gritty industrial suburb on Saturday after activists threw petrol bombs and bricks, as China freed a British consulate worker whose detention had fuelled tensions.