Bond yields rose on Monday, as broader market risk appetite reduced demand for the perceived safety of sovereign debt.
What’s happening The 10-year to 2-year spread of minus 19.5 basis points means the yield remains at its most inverted in 20 years, signaling a looming economic downturn. But that is down sharply from the more than 90% probability registered last week, which came in the wake of a report showing U.S inflation running at 9.1% in June, a 41 year high.
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