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 Wednesday, and the gap between the two was last at -0.91 basis points on Thursday.
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.
(This story corrects days in paragraph 2 to Wednesday and Thursday, not Tuesday and Wednesday)
Reporting by Virginia Furness; Editing by Tommy Wilkes