Treasury Yield Curve Steepens as Traders Avoid Long-Term Debt
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Long-maturity Treasury yields reached the highest levels in a month Thursday as investors demand compensation for the risk that tariffs will spur US inflation.
Though the increases were pared in New York trading after US economic data provided no fresh catalyst for higher yields, the Trump administration’s late-Wednesday announcement of a 25% tariff on foreign-made cars next month saw the 30-year Treasury yield reach 4.75%, the highest level since Feb. 20.