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Curve Flattening Continues Through NY Fed Buy Op

US TSYS

Big curve flattening continues through the NY Fed long-end buying operation. Still early in the session but a close here in 5s30s would mark the biggest fall in basis point terms (-4.9bps) since Feb 25 (-17.9bps) and prior to that, the election on Nov 4 (-7.2bps).

  • The 2-Yr yield is down 0.2bps at 0.159%, 5-Yr is down 3.7bps at 0.8177%, 10-Yr is down 6.9bps at 1.5636%, and 30-Yr is down 8.6bps at 2.2253%.


US 5s30s 1-day net change, bpBBG, MNI

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