FILE PHOTO – Traders work on the floor of the New York Stock Exchange just after the closing time in New York, USA, August 23, 201
LONDON (Reuters) – A central part of the US yield curve, closely followed recession indicator, turned further Wednesday while 30-year government yields fell to a few record lows on growing concern over the fallout from a bitter global trade conflict.
The premium on two-year government yields over 10-year returns US2US10 = TWEB was at 6.2 basis points, a level not seen since 2007, according to Tradeweb data.
The US 30-year government yield fell to a record low of 1.906% US30YT = RR and was down 6 basis points on the day.
Reporting by Dhara Ranasinghe; Editing by Tommy Wilkes