- The yield on the 10-year gilt falls below the yield on the two-year gilt for the first time since August 2008.
- An yield curve inversion is sometimes considered a warning of a risk of recession, especially in the U.S.
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.
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.