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U.S. yield curve inverts further, 30-year yields hit new record low

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U.S. yield curve inverts further, 30-year yields hit new record low
FILE PHOTO: Traders work on the floor of the New York Stock Exchange in New York, United States, July 2, 2015. REUTERS/Brendan McDermid   -   Copyright  Brendan McDermid(Reuters)
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LONDON (Reuters) – A key part of the U.S. yield curve, a closely-followed recession indicator, inverted further on Wednesday while 30-year Treasury yields fell to a few record low on growing concern about the fallout from a bitter global trade conflict.

The premium on two-year Treasury yields over 10-year yields <US2US10=TWEB> was at 6.2 basis points, a level not seen since 2007, according to Tradeweb data.

The U.S. 30-year Treasury yield fell to a record low of 1.906% <US30YT=RR> and was last down 6 basis points on the day.

(Reporting by Dhara Ranasinghe; Editing by Tommy Wilkes)

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