Flattening U.S. Yield Curve Nears Decade Lows in Final 2017 Push
Intellectus' Emons Expects Yield Curve Inversion Soon
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The U.S. yield curve is getting one final flattening push before calling it a year.
The spread between the yields on 2-year and 10-year Treasuries narrowed to just 50.6 basis points Wednesday, close to the decade low reached on Dec. 6. While a small part of the more than six-basis-point narrowing is a function of the market shifting to a new benchmark 2-year note, the move is nonetheless one of the biggest single-session shifts of 2017. The gap between 5-year and 30-year yields also contracted as long bonds staged their biggest advance since September.