Key recession indicator triggered as 10-year Treasury yield falls below 2-year

The yield on the 10-year Treasury note fell below the yield on the 2-year note early Wednesday, marking an inversion of the most widely followed measure of the yield curve for the first time since 2007. The 10-year yield was down 5.9 basis points at 1.6174%, while the 2-year yield fell 4.1 basis points to 1.6278%. A yield-curve inversion is viewed as a reliable recession precursor. Stock-index futures extended losses after the curve inversion, with S&P 500 futures down 0.9% at 2,905.75.

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