For the first time since 2005, 10-year US Treasury yields fell below 2-year levels on Wednesday, raising concerns about a possible recession and triggering a stock market sell-off. According to Credit Suisse Private Banking, the risk of a recession has indeed increased but a near-term crisis remains unlikely. “Renewed worries about an economic slowdown have curbed investors’ risk appetite lately,”…
Have a confidential tip? Get in touch [email protected]