Keep on Flattening! Treasury Slope Keeps Flattening With 10Y-2Y At 47.60 BPS

By Anthony B. Sanders

Swaps Curve Flattening Too

The US Treasury yield curve keeps on flattening.

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While the Treasury curve continues flattening since December 2013 as well.

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And the 3m Libor-OIS spread keeps on rising.

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The 7-year Treasury auction yesterday was a bust with the 7-year high yield declining from the previous auction.

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And the 7-year bid-to-cover ratio lowest in two years.

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Keep on flattening!

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Gary

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