(Reuters Breakingviews) - A U.S. recession warning from financial markets has Do...
U.S. President Donald Trump stands at the top of the boarding steps for Air Force One as he arrives for travel to a nearby petrochemical plant after landing at Pittsburgh International Airport in Pittsburgh, Pennsylvania, U.S. August 13, 2019. REUTERS/Jonathan Ernst
The U.S. economy started the year with a good head of steam. Growth hit a three-year high of 2.9% in 2018, corporate coffers were swelling from the tax cuts the president signed into law a year earlier, and unemployment stood at the lowest level in nearly a half century. Sluggish growth overseas and a negative market reaction to the Federal Reserve’s December rate hike suggested some fragility, but virtually nobody was predicting a recession before 2021.
As a result the yield on the Treasury’s benchmark 10-year note has since early May fallen by nearly a percentage point, to 1.59% Wednesday afternoon. Earlier in the day it briefly traded below the return on the Treasury’s 2-year note, something investors haven’t seen since June 2007. That spooked equity markets, with the S&P 500 Index down nearly 3% in early afternoon trading.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Futures Drop as Treasurys Flash Warning SignalU.S. stock futures tumbled and Treasury markets sent a new recession signal after weak German and Chinese economic data stoked fears of an impending global slowdown.
Read more »
U.S. Stocks Drop as Treasurys Flash Warning SignalU.S. stocks tumbled and Treasury markets sent a new recession signal after weak German and Chinese economic data stoked fears of an impending global slowdown.
Read more »
Stocks open sharply lower on Wall Street following losses in Europe, bond market signals possible recessionJUST IN: Stocks open sharply lower on Wall Street following losses in Europe, the latest in a period of market volatility.
Read more »
What to watch today: Bonds flash recession signal and China blames US for Hong Kong protestsU.S. stock futures are sharply lower this morning as the 2-year Treasury yield inverted and moved higher than the 10-year yield.
Read more »
US Treasury yields mixed as recession signal nears inversionU.S. government debt yields were mixed Wednesday morning, as global trade developments offered much-needed relief for markets.
Read more »
5 things to know before the stock market opens WednesdayDow set to drop; bonds flash recession signal; Chinese economic data weakens; China blames the US for Hong Kong protests; mortgage refinances surge
Read more »