U.S. bond yields fell on Wednesday, as market volatility eased back ahead of next week's Federal Reserve policy meeting
U.S. bond yields fell on Wednesday, as market volatility eased back ahead of next week’s Federal Reserve policy meeting
What’s happening The 10-year to 2-year spread of around minus 20 basis points means the yield remains meaningfully inverted, potentially signaling a looming economic downturn. The MOVE’s retreat reflects smaller shifts of late in the markets that calculate Fed monetary policy expectations.
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