U.S. yield curve remains inverted for second day

[August 15, 2019]  LONDON (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 Wednesday, and the gap between the two was last at -0.91 basis points on Thursday.

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.

(This story corrects days in paragraph 2 to Wednesday and Thursday, not Tuesday and Wednesday)

(Reporting by Virginia Furness; Editing by Tommy Wilkes)

[© 2019 Thomson Reuters. All rights reserved.]

Copyright 2019 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.  Thompson Reuters is solely responsible for this content.