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8/14/2019, 2:31 PM (Source: TeleTrader)
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Yield on 30-year US bond crashes almost to 2%

The yield curve inversion between the two-year and ten-year United States Treasuries widened to seven points on Wednesday just two hours after the spread turned negative for the first time since 2007. The measure has been widely tracked as it preceded the last six recessions. However, the difference between the three-month and ten-year yields has reached the mark several months ago. The recent panic buying especially affected the 30-year bonds and the yield collapsed today to the first record low since 2016 and went on to nosedive to 2.016%.

The two-year note yield slumped 7.3 basis points to 1.599% at 8:30 am ET. The weakest point, 1.579%, was last seen 20 months before on a closing basis. The ten-year benchmark was down 9.4 points at 1.611% after touching 1.577% for the first time in almost three years. The yield on the 30-year US debt cratered by a whopping 11 points to 2.051%. Corresponding futures prices rallied 0.12%, 0.57% and 1.37%, respectively.

Breaking the News / IT