Treasuries Go on Holiday With Yields Locked Pre-Yellen: Chart

Flattest Treasury Yield Curve Since 2008

The benchmark 10-year U.S. Treasury note traded Wednesday in a yield range of less than 0.03 percentage point, the tightest since June. It’s the second-smallest range of 2016, excluding days the market was closed for American holidays, as bond traders await Federal Reserve Chair Janet Yellen’s speech in Jackson Hole on Aug. 26. They’ll be listening for clues as to whether policy makers will raise interest rates later this year.

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