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U.S. markets continued their month long see-saw action after tapping fresh weekly lows, then closed higher, despite moves in the U.S. bond market highlighting ongoing fears of a recession. The 10/2-year Treasury yield inverted to levels not seen since 2007 with the rate on the benchmark 30-year Treasury bond also hitting a new all-time low.Despite the worries, the major indexes showed strength...
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U.S. markets were tentative on Thursday while trading on both sides of the ledger as Wall Street awaits Fed Chairman’s comments from the annual central banking symposium in Jackson Hole, Wyoming on Friday. An early session inverted yield curve caused some nervousness as algorithms triggered to create some selling pressure as the 10-year treasury yield briefly fell back below its 2-year...
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