The gap between yields on 10 and three-year government bonds fell to minus one basis point yesterday for the first time since 2008. — Bloomberg
SYDNEY: Australia’s yield curve inverted for the first time since the financial crisis as traders increasingly priced in the risk of a recession.
The gap between yields on 10 and three-year government bonds fell to minus one basis point yesterday for the first time since 2008. The move was lead by a rise in short term yields after Australia’s jobs report came in better than expected.
