U.S. bond yields fell on Wednesday, sending the 10-year back below 3%, as market volatility eased ahead of the European Central Bank’s rate hike decision on Thursday and next week’s Federal Reserve policy meeting.
What’s happening
The 2-year to 10-year spread of minus 22 basis points left the yield curve meaningfully inverted, potentially signaling a looming economic downturn.
What’s driving markets
The…