Global markets tumbled on Friday as fears of a global recession grew after the US yield curve inverted for the first time since 2007. The inversion of the yield curve, a key recession indicator, sparked a sell-off in global equities and sent investors flocking to safe-haven assets such as gold and government bonds. The US Treasury yield curve inverted as the yield on 10-year Treasury notes fell below the 2-year yield, signaling concerns over the economic outlook. The inversion of the yield curve has historically preceded every US recession in the past 50 years, making it a closely watched indicator for investors. The prospect of a recession also weighed on global trade tensions and slowing economic growth in major economies such as Germany and China. Analysts warn that the combination of a yield curve inversion and global economic concerns could signal rough times ahead for financial markets.


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