(Bloomberg Opinion) — Heading into last Friday, there was no shortage of superlatives to describe the rise in long-term yields in the $20.4 trillion U.S. Treasury market. Just to name a few:The yield curve from five to 30 years steepened to 130 basis points, the widest gap since Nov. 16, 2016. The benchmark 10-year Treasury yield had climbed for six consecutive trading sessions, the longest stretch since September 2019. At 0.868%, the 10-year yield reached its highest level in more than four months and briefly broke above its 200-day moving average from below for the first time since late 2017. …read more
Source:: Yahoo Finance
