U.S. Treasury bond curve inverts for first time since 2007 in recession warning
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LONDON (Reuters) - The U.S. Treasury bond yield curve inverted on Wednesday for the first time since 2007, in a sign of investor concern that the world's biggest economy could be heading for recession. The inversion -- a situation where shorter-dated borrowing costs are higher than longer ones -- saw U.S. 2-year note yields rise above the 10-year bond yield. The curve inverted to as much as minus 1.7 basis points by 1045 GMT .Such an inversion, considered a classic recession signal, occurred..