The market's favorite recession indicator flashed its starkest warning since October amid the coronavirus outbreak
On Monday, the curve inversion between 3-month and 10-year US Treasury bond yields fell to its most negative point since October amid concern over the coronavirus outbreak.
The yield on the 10-year US Treasury fell to 1.3% as prices rallied, below the 3-month US Treasury at 1.5%.
"Investors are pretty pessimistic about future US GDP growth and interest rates," Dev Kantesaria of Valley Forge Capital Management said in an interview with Markets Insider.
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