Why 10-year Treasury yield's recent drop could be a recession indicator | Metals Mine

  • Why 10-year Treasury yield's recent drop could be a recession indicator

    From morningstar.com

    A combination of slowing U.S. economic growth prospects, possible interest-rate cuts by the Federal Reserve and concerns about the central bank's long-term independence were sending the 10-year Treasury yield down toward 4%. The benchmark 10-year Treasury yield has fallen substantially from where it was at the beginning of the year, weighed down by expectations for weaker economic growth that contrast with the strong growth trajectory investors and traders had anticipated in January. After peaking at 4.8% on a closing basis for Jan. 13 - a week before President Donald Trump's inauguration - the yield has since fallen ... (full story)

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