The U.S. yield curve is back in flattening mode after a slew of economic data Friday supported the Federal Reserve’s plan to keep tightening monetary policy.
The spread between 5- and 30-year Treasury yields narrowed to as little as 32.3 basis points, leaving the curve poised to flatten for a third-straight week. The gap between 2 and 10 year yields briefly dropped to less than 48 basis points.
