U.S. Markets open in 4 hrs 4 mins

TD's yield curve model shows 55% chance of a U.S. recession

NEW YORK, Aug 7 (Reuters) - The longest-ever U.S. economic expansion is at risk with a 55% chance it may slip into a recession within 12 months due to trade tensions and softening global growth, TD Securities analysts said on Wednesday, based on their model of the U.S. yield curve.

TD Securities said its recession model is based on the spread between 3-month Treasury bill rates and the 10-year note yields. (Reporting by Richard Leong Editing by Leslie Adler)