US Treasury yield curve flattens to lowest level since financial crash

Concerns about rising rates

The difference between short-duration and long-duration US Treasury yields narrowed to the lowest levels in over ten years on Wednesday, as investors expressed concerns about the rising rate environment and a spike in inflation.

The spread between 2-year Treasury yields and 10-year Treasury yields narrowed 1.8 basis points to 48.9 bps, while the spread between the two-year and 30-year Treasury yields fell 1.6 bps to 74.5 bps,...