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U.S. yield curve remains inverted for second day

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LONDON (Reuters) – The U.S. yield curve was inverted for the second straight trading session on Thursday, as investors’ concerns that the world’s biggest economy could be heading for recession deepened. <US2US10=RR>

Two-year U.S. borrowing costs fell below 10-year costs for the first time since 2007 on Tuesday, and the gap between the two was last at -0.91 basis points on Wednesday.

Thirty year U.S. Treasury yields hit a new low of 1.98% <US30YT=RR>, having fallen 27 basis points this week, the biggest one-week fall since May 2012.

(Reporting by Virginia Furness; Editing by Tommy Wilkes)

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