A sign of stagnation in the US economy .. Treasury yields for two years exceed 10 years

The two-year and 10-year US Treasury yields posted their first reversal since 2019, reinforcing the recession signal for the US economy.
The bond market phenomenon means that the rate of two-year bonds is now higher than the yield of 10-year bonds.
This part of the yield curve is the most watched and usually gives the most credibility by investors that the economy may be heading for contraction when it reverses.
According to CNBC, the yield on ten-year treasury bonds fell to 2.331 per cent, while the yield on two-year treasury bonds was at 2.337 per cent at one point in late trading Thursday.