Flattening Yield Curve Is Relentless, at New 10-Year Low: Chart

Flattening Yield Curve Is Relentless, at New 10-Year Low: Chart

(Bloomberg) -- The flattening of the Treasury yield curve, a persistent theme over the past several weeks, appears to have no shortage of momentum. On Tuesday, the spread between five- and 30-year U.S. yields tumbled below 60 basis points to the lowest since November 2007. The market is beginning to price in more rate hikes from the Federal Reserve next year, which is causing short-end yields to climb, while long bonds rally from demand for duration.

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