U.S. Yield Curve Nears an Unprecedented Flattening Streak: Chart
(Bloomberg) -- The Treasury yield curve from 5 to 30 years is approaching unprecedented territory: It flattened Wednesday for the ninth straight session, to about 29 basis points. The spread has narrowed 10 consecutive times on only a few occasions, and has never compressed 11 trading days in a row, according to Bloomberg data going back to 1992. “The yield curve can’t flatten every day,” said Jim Vogel, a strategist at FTN Financial Capital Markets. “But it certainly seems willing to try.”
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