The Relentless Flattening in Treasury Yield Curve Has Stalled
Photographer: Mandel Ngan/AFP via Getty Images
This article is for subscribers only.
The seemingly unstoppable flattening of the Treasury yield curve that was widely blamed for the sell-off in global stocks stalled Thursday as investors piled into the shortest-dated securities.
Unlike Tuesday, two-year notes drove gains as stocks, led by the technology sector, looked to resume their slide following the arrest of Huawei Technologies Co.’s chief financial officer over potential violations of sanctions on Iran.