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    UK 2-year/10-year gilt curve inverts for first time since 2008

    Luke MacGregor | Bloomberg | Getty Images
    Britain's government bond yield curve inverted on Wednesday for the first time since the global financial crisis, traditionally a sign that some investors think a recession is nearing.
    The yield on the 10-year gilt fell below the yield on the two-year gilt shortly after 1000 GMT for the first time since August 2008, according to data from Refinitiv.
    Normally, a yield curve slopes upwards as investors expect to be compensated for taking on the risk of owning longer-maturity debt.
    An inversion - when shorter-dated yields are higher than longer-dated ones - is sometimes considered a warning of a risk of recession, especially in the United States.

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