Bonds are sending a stark message about the economy
CNN
Turmoil in stocks has been grabbing headlines. But warning signs are also flashing in global bond markets, revealing the extent to which investors are on edge about the economy, inflation and what central bankers will do next.
What's happening: The yield on benchmark 10-year US Treasuries — which moves opposite prices — jumped to 3.36% on Monday, its highest level since 2011.
But the yield on the 2-year Treasury climbed even higher as investors dumped those notes, too. That created an unusual phenomenon known as a "yield curve inversion."
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