30-Year Treasury Bond Slumps Under 2% for First Time

https://dailyalts.com/wp-content/uploads/2019/08/U.S.-30-Year-Treasury-Bond.jpg

Markets fear a global recession. The old reliable 30-year bond just hit an all-time low.

The 30-year treasury bond just hit an all-time low. While the Dow slumped 800 points Wednesday, the 30-year bond dropped under 2% for the first time in history.

We witnessed a drop to 1.991% during Asian trade. It’s also the first time that the entire Treasury yield curve has dropped under the official benchmark interest rate.

On Wednesday, the 2-10 Treasury yield curve inverted for the first time since 2007.

What Does the Yield Inversion Mean?

We have witnessed five such yield curve inversions over the last 41 years.

According to Credit Suisse, an economic recession has followed each yield curve inversion. The average time the event happened before a recession has been 22 months.

With that in mind, the S&P 500 has experienced an average uptick of 15% during the 18 months that follow a yield curve inversion.

How the 30-Year Treasury Bond Stacks Up

Despite falling under 2%, the 30-year bond is still paying out better than most developed nations’ treasuries. Here’s a recap of notable long-term bonds on Thursday morning (7:30 a.m.):

  • Australia 30-Y: 1.453%
  • Austria 30-Y: 0.15%
  • Canada 30-Y: 1.356%
  • Denmark 20-Y: -0.46%
  • France 30-Y: 0.434%
  • Germany 30-Y: -0.228%
  • Ireland 30-Y: 0.70%
  • Japan 30-Y: 0.165%
  • Netherlands: -0.223%
  • South Korea: 1.202%
  • Switzerland: -0.617%
  • United Kingdom: 0.991%

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2022/01/Bink-app-shot.png
FinTech: Lloyds To Acquire Stake In Loyalty App Bink
January 4, 2022     FinTech, News

Lloyds Banking Group (LON: LLOY), Britain’s biggest mortgage provider, will acquire a minority stake in loyalty app Bink, according to a report by Sky News for an undisclosed amount that…

https://dailyalts.com/wp-content/uploads/2022/01/Screenshot-2022-01-04-at-22-29-49-Screenshot-Pawson-2.png
Digital Assets: Coinbase CEO Armstrong Said To Have Splurged $133M On Home In LA
January 4, 2022     Digital Assets, News, Real Estate

An iconic property in Bel Air, Los Angeles, designed by internationally acclaimed English architect John Pawson changed hands last month for $133 million and the buyer was Coinbase (NASDAQ: COIN)…

https://dailyalts.com/wp-content/uploads/2022/01/47752022922_e4569a2f0e_c.jpg
Alternative Investments/ESG: VegTech Invest Launches Plant-Based Innovation & Climate ETF

VegTech Invest advisory has launched the VegTech Plant-based Innovation & Climate ETF (Ticker: EATV), its first financial product. The ETF offers exposure to publicly traded companies actively innovating with plants…

https://dailyalts.com/wp-content/uploads/2022/01/Screenshot-2022-01-04-at-18-48-26-超·世界.png
Venture Capital: Chinese AI Startup Parametrix Raises $100M, Turns Unicorn
January 4, 2022     Artificial Intelligence, News, Venture Capital

Chinese AI company Parametrix.ai has raised $100 million in a Series B round led by Sequoia China and joined by existing investors 5Y Capital and Gaorong Capital. Though the valuation…