U.S. Yield Curve Hits Steepest Point in Over a Year
- 2- to 10-year Treasuries gap touched 31 basis points Thursday
- Large futures block trade in U.S. provides was a catalyst
The U.S. Treasury building in Washington, D.C.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
The U.S. Treasury yield curve reached its steepest point in over a year Thursday amid an improving growth outlook that’s boosted investors’ inflation expectations in recent weeks.
The 2- to 10-year spread peaked at 31 basis points Thursday, its widest level since October 2018, before retreating as Treasuries rebounded on the day. The initial sell-off came in the wake of global declines in sovereign debt that started in European hours.