Year Notes: Market Benchmarks and Stock Index

year notes: Canada's main stock index is down sharply in early trading along with the major U.S. market benchmarks, according to The Toronto Star. Frank Gunn / Canadian Press file photo Concerns heightened after the yield curve, or spread between the U.S. three-month and 10-year notes, inverted for the first time since 2007. Weak manufacturing data from Europe and then in the United States had investors nervous on both sides of the Atlantic. That's a much-watched signal that's often viewed as a predictor of a recession, said Ian Scott, an equity analyst at Manulife Asset Management. Article Continued BelowU.S. manufacturing PMI data that slid to a 21-month low in March, coupled with weakness in Europe, are reminders that central banks are pausing interest rate hikes for a reason, Scott said. It's not that the Fed is calling for a recession this year, but there are investors who are starting to wonder if it could happen at some point this year, even accidentally, he said in an interview. (news.financializer.com). As reported in the news.