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The yield on the 10-year Treasury note traded below the yield on the 2-year Treasury note Tuesday afternoon, Bloomberg reported, while other data sources showed the spread remaining marginally positive. Bloomberg said the 2-year crossed above the 10-year yield at a level around 2.39%. FactSet showed the 2-year yield at 2.383% versus 2.387% for the 10-year. An inversion of the 2-year/10-year measure of the curve is seen as a reliable indicator of recession.
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