Fed Flattens Treasury Yield Curve by Signaling 2016 Hike: ChartBy
The difference in yield between Treasuries due in two and 30 years declined after the Federal Reserve left interest rates unchanged Wednesday, while signaling that a hike in 2016 was likely. The flattening U.S. curve reflects an increase in two-year yields, the maturity most sensitive to imminent Fed policy expectations, and a drop in long-bond yields as policy makers curbed projections for long-term rate increases.
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