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U.S. Treasury yields extend gains as bond markets continue to flash recession warning signal
U.S. Treasury yields were higher on Thursday morning, extending gains even as the closely watched 2-year/10-year yield curve remained inverted — a key recession signal. The yield on the benchmark 10-year Treasury note rose over 6 basis points to 2.979%, while the yield on the 30-year Treasury bond was up 4 basis points tMarket pros track the spread between longer-duration Treasury yields and shorter-duration yields, with the former typically higher. However, the 2-year Treasury yield climbed 15 basis points to 2.967% on Wednesday, holding above the 10-year. That so-called inversion, particularly if sustained, is ... (full story)