August 28, 2019 / 7:38 AM / 2 months ago

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 shortly after the closing bell in New York, U.S., August 23, 2019. REUTERS/Lucas Jackson

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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