Stocks sank Wednesday after the bond market threw up one of its last remaining warning flags on the economy.
The yield on the 10-year Treasury briefly dropped below the two-year Treasury’s yield Wednesday morning. It’s rare for short-term yields to rise above longer-term ones, and when it happens, market watchers call it “an inverted yield curve” and brace for the possibility of a recession hitting in a year or two.
The Dow Jones Industrial Average dropped as much as 475 points in the first few minutes of trading before recouping some of its losses.
Source: Kingman County NewsRead the full story ↗
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