Business Year: Year and Wall Street

business year: Analysts said risk aversion eased somewhat after a slide in Wall Street paused overnight, but concerns about a U.S. recession lingered, according to The Japan Times. On Monday, benchmark 10-year Treasury yields fell to their lowest levels since December 2017, while the yield curve between three-month bills and 10-year notes inverted further as investors continued to assess last week's dovish pivot by the U.S. Federal Reserve. With the end of the business year looming this Sunday for the majority of listed Japanese companies, the market was also underpinned by investor purchases of stocks before they went ex-dividend later in the day. ; The Nikkei ended 2.15 percent higher at 21,428.39 after recording its biggest drop since late December on Monday. An inverted yield curve is widely seen as a signal of a recession. But in the longer term, investors are concerned about Japan-specific problems such as the yen's level, which has been trading at a higher level against the dollar than last year. In the short-term, an inversion of U.S. yields will likely keep worrying investors, said Hikaru Sato, a senior technical analyst at Daiwa Securities. (news.financializer.com). As reported in the news.