The U.S. yield curve flattened Tuesday as investors mulled how far the Federal Reserve will hike interest rates as the U.S. economy slows.
What’s happeningWhat’s driving markets The U.S. benchmark 10-year yield is down more than 50 basis points from the multi-year peak touched in mid-June, after worries about inflation turned into concerns about economic growth.What’s happening What’s driving markets The U.S. benchmark 10-year yield is down more than 50 basis points from the multi-year peak touched in mid-June, after worries about inflation turned into concerns about economic growth.
The result is a flattening yield curve, with 2-year yields of 2.906% little different to those provided by the benchmark 10-year.
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