Americas

Markets - Fixed Income - Americas

Yield curve flattens as US data shows slower inflation NEW YORK: The US Treasury yield curve flattened on Wednesday with yields on shorter-dated maturities little changed while yields on longer-dated ones fell as US producer prices and industrial output data showed inflation could be growing more slowly than expected. Yields on Treasury notes with maturities from 2 to 7 years rose to their highest since early January in morning North American trading. But they later reversed those moves, turning flat after the release of the data. US producer prices and industrial production both flatlined unexpectedly in October as a rise in the cost of goods was offset by declining services costs, and industrial production was weighed down by lower utilities output. Benchmark 10-year Treasury notes rose 4/32 in price to yield 2.224 percent. The 30-year bond rose 26/32 in price to yield 2.931 percent, moving further from its 2016 high of 3.067 percent touched on Monday. Conversely, 2-year Treasury ...
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