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U.S. Yield Curve Nears an Unprecedented Flattening Streak: Chart
U.S. Yield Curve Nears an Unprecedented Flattening Streak: Chart
24 Apr 2018, 05:20 PM IST
(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.”
To contact the reporter on this story: Brian Chappatta in New York at bchappatta1@bloomberg.net.
To contact the editors responsible for this story: Benjamin Purvis at bpurvis@bloomberg.net, Elizabeth Stanton, Nancy Moran
©2018 Bloomberg L.P.
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