U.S. News

U.S. Markets Flash Warning Last Seen Before Great Recession

ALARM BELLS

Benchmark yield curve “inverts” for first time since 2007. Fed says economy is still strong.

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Reuters/Brendan McDermid

A bellwether U.S. bond indicator has turned negative for the first time since the beginning of the financial crisis in 2007. The closely watched gap between yield rates on the three-month and 10-year Treasury notes vanished in trading early Friday as buyers rushed into the longer-term bonds, pushing prices down....

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