U.S. yield curve remains inverted for second day

Credit: REUTERS/EDUARDO MUNOZ

The U.S. yield curve was inverted for the second straight trading session on Thursday, as investors' concerns that the world's biggest economy could be heading for recession deepened.

LONDON, Aug 15 (Reuters) - The U.S. yield curve was inverted for the second straight trading session on Thursday, as investors' concerns that the world's biggest economy could be heading for recession deepened. US2US10=RR

Two-year U.S. borrowing costs fell below 10-year costs for the first time since 2007 on Tuesday, and the gap between the two was last at -0.91 basis points on Wednesday.

Thirty year U.S. Treasury yields hit a new low of 1.98% US30YT=RR, having fallen 27 basis points this week, the biggest one-week fall since May 2012.

(Reporting by Virginia Furness Editing by Tommy Wilkes)

((Virginia.Furness@thomsonreuters.com; +44207 542 5477;))

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