Shorter-dated US yields lower after data as curve steepens
Yields on shorter-dated U.S. Treasuries fell on Wednesday but rose on longer durations as investors digested a flurry of economic data to gauge the health of the economy. A closely watched part of the U.S. Treasury yield curve measuring the gap between two- and 10-year Treasury notes , an indicator of economic expectations, was at a negative 13.4 basis points after steepening to a negative 13.0, its least inverted since Oct. 23. An inversion of this part of the curve is widely viewed as a reliable signal that a recession…
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