Treasury yields fell on Tuesday as investors continued to seek the safety of government debt amid lingering economic growth concerns ahead of U.S. consumer price index data for June due Wednesday. The widely followed 2-year/10-year spread shrank to its lowest level in more than 15 years, putting recession risks in focus.
What’s driving markets
Worries about a slowing global economy have encouraged investors to seek the perceived haven of U.S. Treasuries, pushing yields lower.
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