November 14, 2017 / 7:01 PM / 2 years ago

Yield curve not recession concern, could mean confidence -Fed's Bostic

MONTGOMERY, Ala., Nov 14 (Reuters) - The flattening Treasury yield curve may reflect “safe-haven” investing and confidence in the U.S. economy and, were the trend to lead to an inverted yield curve, the market would not necessarily signal a pending recession, Atlanta Fed President Raphael Bostic said on Tuesday.

Two-year yields rose again on Tuesday while that of longer-dated debt fell, continuing to flatten the curve, or narrow the gap, between them. Bostic, asked about the trend at an open forum, said it was not a primary policy signal for the central bank, which is raising rates in the face of slightly below-target inflation. (Reporting by Jonathan Spicer; Editing by Chizu Nomiyama)

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