Treasury yields slide amid safe haven buying and worries of a curve inversion

(CNBC) U.S government debt prices rose on Thursday, with investors rattled by volatility in equity markets and anxiety around a potential yield curve inversion. The yield on the benchmark 10-year Treasury note sank to around 2.892 percent, while the yield on the 30-year Treasury bond dipped to 3.157 percent. Bond yields move inversely to prices. Yield curves typically slope upward, as investors expect higher returns as they take on more risk the longer amount of time it takes for a bond to reach its maturity. But recently the spread between the 2-year and 10-year yields has narrowed, while the spread between the 3-year and 5-year yields already inverted earlier this week. That’s a point of nervousness for investors as yield inversions tend to precede a recession.