The yield on the benchmark 10-year Treasury note was at 1.623% on Wednesday, below the 2-year yield at 1.634%, causing the feared yield curve inversion.
Utilities and consumer staples are the best performing and most consistent sectors after the inversion.The bond market's main yield curve inverted on Wednesday, triggering worries of an eventual recession. But investors can still win, even if the clock is ticking on this bull run.was at 1.623% on Wednesday, below the 2-year yield at 1.634%.
Utilities is the best performing sector after a yield curve inversion. Although the inversion is an early recession indicator, data shows that if investors turn defensive, there is still a buying opportunities for stocks.
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Source: CNBC - 🏆 12. / 72 Read more »