
ARK Invest CEO Cathy Wood believes that the US Federal Reserve's decision to raise the key interest rate would be a mistake in the face of an inverted yield curve. it is reported by BLOOMBERG.
US government bond yields reached new inversion levels on Friday after the Department of Labor's report on US employment was released. The rate on two-year bonds exceeded the rate on 30-year bonds for the first time since 2007, the agency notes.
The 2-year Treasury yield rose 10 basis points to 2.44%, more than 1 basis point higher than the 30-year yield and 7 basis points higher than the 10-year Treasury, it said.
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