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1 Apr 2016
Treasury yield curve flattens after US data
Short duration treasury yields are on the rise, while long duration yields remain in the red after the data released in the US showed healthy job gains along with pick up in wage growth.
At the time of writing, the 2-year treasury yield was up almost three basis points at 0.756%. The yield is widely followed since it represents short-term rate hike bets.
Meanwhile, 10-year yield was down more than one basis point at 1.77%. The 30-yr yield was down more than two basis points at 2.596%.
Flattening of the yield curve represents recessionary developments or rising short-term inflation/rate hike bets.
At the time of writing, the 2-year treasury yield was up almost three basis points at 0.756%. The yield is widely followed since it represents short-term rate hike bets.
Meanwhile, 10-year yield was down more than one basis point at 1.77%. The 30-yr yield was down more than two basis points at 2.596%.
Flattening of the yield curve represents recessionary developments or rising short-term inflation/rate hike bets.