U.S. Treasuries signal trouble, stocks fall after weak data
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NEW YORK (Reuters) - Stocks around the world fell and U.S. Treasuries yields sent out warning signs of a possible recession on Friday after weaker-than-expected U.S. and European data intensified fears of a global economic slowdown.After weak U.S. manufacturing and services data, U.S. Treasury 10-year note yields sank below three-month Treasury bill yields for he first time since 2007. This sent investors fleeing from riskier bets as a yield curve inversion is seen as a leading recession..