Asian markets were jittery Friday as a modest rebound in US equities failed to ease fears over the US-China trade war and its impact on the world economy.[HONG KONG] Asian markets were jittery Friday as a modest rebound in US equities failed to ease fears over the US-China trade war and its impact on the world economy.
The yield on the 10-year US Treasury bond slid Wednesday below the yield on the two-year note, meaning the short-term interest rates were higher than the longer-term rates.The so-called"inversion" phenomenon has been a reliable harbinger of recession for decades since it suggests that markets have a negative long-term outlook.On Thursday the yield on the 30-year bond hit an all-time low, while the 10-year note plunged to its lowest level in three years before staging a tepid recovery.
The tensions have already hit global demand, with data this week showing China's industrial output had plummeted to a 17-year low.
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