Treasury Yields Decline Amid Recession Fears

The 10-year Treasury yield falls to 2.747% from 2.819% Monday, reaching its lowest point since May. Other maturities also see yields falling, but shorter-term ones show a slower decline, deepening the curve inversion as investors brace for recession. The two-year trades at 2.992%, down from 3.035%. Bond markets are positioning for a widely expected 75-basis point rate increase tomorrow by the Fed. “Yields are lower as the FOMC meeting gets underway and could slip further, as most of the macro indicators point towards recession,” Spartan’s Peter Cardillo says in a note.