M&G: Yield curve inversion may signal need to cut US rates again in near term
Traditionally a signal of recession
Federal Reserve
Stuart Canning, research analyst at M&G Investments, has said the temporary yield curve inversion which saw three-year Treasury yields lower than two-year notes is a signal that interest rates in the US may need to come down in the near-term.
On Tuesday, three-year Treasury yields fell below two-year notes for a brief moment before bouncing back. This has set off a debate among bond investors as to the meaning of the inversion, with one...
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