(Bloomberg) -- U.S. 30-year yields fell to their lowest level ever as investors sought shelter amid a fraught geopolitical backdrop and concern increased about the impact of the escalating global trade war on economic growth.
Meanwhile, the stream of investors into the safest parts of the market has triggered yet another recession warning, driving the 10-year Treasury yield below the two-year one.
The 30-year yield tumbled as much as nine basis points to 2.0738%, below the previous record low of 2.0882% from July 2016. The gap between 5-year and 30-year debt, a widely watched yield curve, flattened to 54 basis points, while the equivalent gap between 2-year and 10-year debt inverted for the first time since 2007.
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