Investors shrugged off an inversion of the U.S. Treasury yield curve and domestic stock market averages ended the first quarter with 10%-plus gains across the board.
Trade talks resumed with China this week, as a U.S. delegation, including Treasury Secretary Steven Mnuchin, visited Beijing. The sides are expected to continue discussions next week in Washington D.C.
Inverse Reaction
There was a negative initial reaction to the 3-month U.S. Treasury yield falling below that of the benchmark 10-year note, but rates and investor sentiment leveled off throughout the week.
An inversion of the yield curve often (but not always) predicts an upcoming economic recession.… Read more
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