(Repeats item initially transmitted on Friday, March 29)
By Sinéad Carew
NEW YORK, March 31 (Reuters) – Wall Street will be watching next week’s economic data with a laser focus after a dismal February jobs report and recessionary warning signals from U.S. Treasury yields.
After the longest U.S. government shutdown on record, bad weather and a late 2018 equities sell-off muddied market participants’ view on the U.S. economy in recent months, they are hoping for a clearer view from upcoming data.
Investors have been anxious for reassurance since U.S. Treasury 10-year note yields last Friday fell below three-month Treasury bill yields for the first time since 2007.
The S&P fell almost 2 percent that day as yield curve inversions are widely viewed as recessionary indicators