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Huge selloff rocks Treasury markets, inverting yield curve
By Yoruk Bahceli and Sujata Rao
Reuters
Monday, June 13, 2022
U.S. two-year Treasury yields rose above 10-year borrowing costs today -- the so-called curve inversion that often heralds economic recession -- on expectations interest rates may rise faster and further than anticipated.
Fears the U.S. Federal Reserve could opt for an even larger rate hike than anticipated this week to contain inflation sent two-year yields to their highest levels since 2007.
But a view is also playing out that aggressive rate hikes may tip the economy into recession. ...
... For the remainder of the report:
https://www.reuters.com/business/huge-selloff-rocks-treasury-markets-yield-curve-inverts-2022-06-13/
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