Confucius: the man who broke the mountain was the same man who started ...
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Fed’s Clarida says he is not worried by inverted U.S. yield curve
The recent flattening of the U.S. Treasury yield curve is being driven by global unease about the impact of coronavirus epidemic in China and not new pessimism about the health of the U.S. economy, said Federal Reserve Vice Chairman Richard Clarida on Friday. “I am not today concerned about the inverted yield curve,” Clarida said in an interview on Bloomberg Television. The recent inversion is an instance where money flows into the U.S. due to global unease “and that tends to lower yields,” he said. The 10-year Treasury note traded at 1.531% on Friday, pushing it below its 3-month counterpart to invert the ... (full story)