Three Fed cuts on the radar as curve inversion deepens"...

Three Fed cuts on the radar as curve inversion deepens

" Treasuries are leading a bull run in global bonds, bringing into sight the prospect of benchmark 10-year yields dropping to 2 per cent for the first time since late 2016 as traders ramp up bets on the US central bank easing monetary policy.Escalating United States-China trade tensions and faltering global growth have seen US 10-year yields tumble and the gap between three-month and 10-year yields – a commonly watched recession indicator – move to levels last seen in 2007. Some market watchers, including strategists at Morgan Stanley, are warning that the deepening inversion of the yield curve clearly presages an economic downturn."