NEW YORK: The US yield curve went deeper into inversion midday Tuesday as Wall Street's earlier gains faded on renewed concerns about a US recession and trade tensions between China and the United States.

At 11:50 a.m. (1550 GMT), the premium on two-year Treasury yields over 10-year yields grew as high as 5 basis points, which was a level not seen since 2007, according to Tradeweb data.