2.847% of 2-year government bonds surpassed 2.824% of 10-year bonds
New York Stocks futures open mixed
Concerns regarding an economic slowdown caused the 2-year U.S. Treasury bond yield to exceed the benchmark 10-year Treasury yield inverted.
According to CNBC and Market Watch on the 6th (local time), the yield on the 2-year US Treasury bond was 2.847% early in the morning eastern standard time, higher than the yield on the 10-year Treasury bond of 2.824%. Yield inversions of the 2-year Treasury bond and 10-year Treasury bond occurred once at the end of March as well.
When short-term government bond yields are higher than long-term government bond yields, experts interpret it as a signal that usually reflects a short-term recession. In general, the yield on long-duration Treasury bonds is higher than the yield on short-duration Treasury bonds.
In the stock and bond markets, concerns over a recession have been strongly reflected in recent weeks as economic indicators deteriorate.
Meanwhile, New York Stock Exchange futures were slightly mixed on the day.
Dow Jones Industrial Average futures fell slightly in the 0.1% range earlier this morning EST. S&P 500 futures also moved 0.1% lower, and the tech-focused Nasdaq started marginally higher.
Investors are waiting for the minutes of the latest Federal Open Market Committee (FOMC) monetary policy meeting to be released today at 2pm EST.
By Kim Jung-ah, staff reporter kja@hankyung.com
