The main part of the yield curve inverted once again on Thursday as the yield on the benchmark 10-year Treasury note traded under that of the 2-year note, the third time the recession indicator has been triggered since last Wednesday.
The move came after Kansas City Federal Reserve President Esther George and Philadelphia President Patrick Harker told CNBC they don’t see the case for additional interest rate cuts following the central’s bank quarter-point reduction in July.
Shortly after 10 a.m. ET, the yield curve turned negative before floating back into positive territory later in the morning. As of 11:56 a.m. ET the 2-year Treasury yield was at 1.585% while the 10-year yield was above it at 1.598% www.cnbc.com/2019/08/22/us-bonds-treasury-yields-tick-higher-ahead-of-jackson-hole-symposium.html