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The Flatter U.S. Yield Curve Is Roiling Mom and Pop Investors

  • Wall Street sold millions of dollars of ‘steepener’ products
  • Coupons on some fall to below 1 percent on U.S. curve pain
Bloomberg business news
Investors weigh the implications of the 10-year treasury yield hitting 3 percent.(Source: Bloomberg)
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As the yield curve flattened to the lowest in more than a decade, the fallout spread beyond the realms of high finance and central banking.

It also caused the value of hundreds of millions of dollars worth of debt -- often held by retail investors -- to evaporate.