New York | The US yield curve inversion deepened to levels not seen since 2007, rekindling fears of a looming recession that spurred a sell-off on Wall Street and stoked even more safe-haven demand for government bonds.
The intense interest in Treasuries supported demand for $US40 billion worth of two-year government debt for sale, part of this week's $US113 billion fixed-rate Treasury supply. The yield curve often inverts prior to a US recession.
