Fed Reserve Bank's Evan says US economy solid even as bond yields slide


Chicago Federal Reserve Bank President Charles Evans said on Monday it was understandable for markets to be nervous when the yield curve flattened, though he was still confident about the U.S. economic growth outlook. In what many see as a bad omen for the U.S.

economy, yields on benchmark U.S. 10-year treasury notes fell further below three-month rates in Asia on Monday, an inversion that has in the past signaled the risk of economic recession. The yield curve inverted on Friday for the first time since mid-2007. Evans described.

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