The benchmark 10-year U.S. yield traded at 2.45 percent a day after reaching its lowest level since December 2017. The decline in the 10-year rate caused a so-called yield-curve inversion as the 3-month Treasury bill rate moved above the benchmark rate.
Stocks rose on Tuesday as a decline in Treasury yields stabilized after a recent sharp decline, assuaging fears of an economic slowdown.
The yield curve inverted amid the release of weak economic data from the U.S. and around the world as well as a downgraded U.S. economic outlook from the Federal Reserve.
