Yield curve inversion post-Fed rate decision further signals recession -portfolio manager

STORY: Treasury yields edged lower on Wednesday after the Federal Reserve hiked interest rates by 75 basis points as it tightens monetary policy further in an effort to curb inflation while trying to steer the U.S. economy away from a hard landing.

The bond market has been pricing in an economic slowdown, if not a recession, as seen in the inversion of two- and 10-year Treasury note yields.The short end of the yield curve has been higher than the long end nearly all month, with the gap widening on Wednesday.