Business Maverick: Stocks, US futures pare drop as China tech gains: markets wrap

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US Treasury two-year yields, sensitive to imminent Federal Reserve moves, climbed further while longer-maturity rates also went higher. The inversion between two-year and 10-year yields – a potential recession indicator – is the deepest since 2000.

Treasury two-year yields, sensitive to imminent Fed moves, climbed further while longer-maturity rates also went higher. The inversion between two-year and 10-year yields – a potential recession indicator – is the deepest since 2000.

The big question for markets is whether the latest US inflation print marks the peak. Commodity prices, pushed up this year in part by supply disruptions related to Russia’s war in Ukraine, have moderated somewhat lately.

 

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