{"id":140495,"date":"2020-12-23T23:56:00","date_gmt":"2020-12-23T20:56:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/2-year-10-year-treasury-yield-curve-hits-steepest-since-2017\/"},"modified":"2020-12-23T23:56:00","modified_gmt":"2020-12-23T20:56:00","slug":"2-year-10-year-treasury-yield-curve-hits-steepest-since-2017","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/2-year-10-year-treasury-yield-curve-hits-steepest-since-2017\/","title":{"rendered":"#\n  2-year\/10-year Treasury yield curve hits steepest since 2017"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6af11024f3a5b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6af11024f3a5b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/2-year-10-year-treasury-yield-curve-hits-steepest-since-2017\/#How_are_Treasurys_doing\" >How are Treasurys doing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/2-year-10-year-treasury-yield-curve-hits-steepest-since-2017\/#Whats_driving_Treasurys\" >What\u2019s driving Treasurys?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/2-year-10-year-treasury-yield-curve-hits-steepest-since-2017\/#What_are_market_participants_saying\" >What are market participants saying?<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/2-year-10-year-treasury-yield-curve-hits-steepest-since-2017\/#Sunny_Oh\" >Sunny Oh<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  2-year\/10-year Treasury yield curve hits steepest since 2017<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000109750\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       U.S. Treasury yields rose Wednesday as <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> reports suggested a Brexit trade deal could be reached soon, easing demand for haven investments further after Washington lawmakers passed another coronavirus aid package on Monday. <\/p>\n<p> The bond market will close early on Thursday and stay shuttered on Friday for the Christmas holidays, based on recommendations from the Securities Industry and Financial Markets Association.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"How_are_Treasurys_doing\"><\/span>How are Treasurys doing?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>The 10-year Treasury note yield<br \/>\n        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">0.953%<\/bg-quote><br \/>\n       rose 3.6 basis points to 0.953%, while the 2-year note rate<br \/>\n        TMUBMUSD02Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">0.133%<\/bg-quote><br \/>\n       held at 0.123%. The 30-year bond yield<br \/>\n        TMUBMUSD30Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">1.691%<\/bg-quote><br \/>\n       climbed 4.5 basis points to 1.697%.<\/p>\n<div class=\"paywall\">\n       The spread between the 2-year note and the 10-year note was at 83 basis points, around its steepest since late October 2017.<\/p>\n<p><strong>See<\/strong>:  Treasury yield curve steepest since October 2017 on Brexit trade deal hopes<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Whats_driving_Treasurys\"><\/span>What\u2019s driving Treasurys?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>Haven assets took a hit after U.K. newspapers said a deal on a Brexit trade agreement could be reached as soon as Wednesday.  <\/p>\n<p>The British tabloid The Sun reported a deal was \u201cin sight\u201d as U.K. and European negotiators looked to hash out an agreement before the Brexit transition ended on Dec. 31. <\/p>\n<p>The 10-year U.K. government bond yield<br \/>\n        TMBMKGB-10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">0.287%<\/bg-quote><br \/>\n       surged 10.5 basis points to 0.291% on Wednesday.<\/p>\n<p>France said it would reopen its borders with the U.K. for those who tested negative for COVID-19, following reports of a new and more contagious strain of the  respiratory disease emerging in the southwest of England. This comes after governments across Europe implemented <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a> restrictions against travel out of Britain. <\/p>\n<p>President Donald Trump said on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">twitter<\/a> that he wanted to amend the $900 billion pandemic relief package to include more direct stimulus checks, threatening to scupper hopes for immediate fiscal support to the U.S. economy. But investors said they still anticipated a fiscal package being implemented.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Investors also faced a rush of U.S. economic data before the Christmas holidays. <\/p>\n<p>Weekly initial jobless benefit claims fell to 803,000 from 892,000. November durable goods\u00a0rose 0.9% in November after a 1.8% gain in the prior month,\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.census.gov\/manufacturing\/m3\/adv\/pdf\/durgd.pdf\" class=\"icon none\">the Commerce Department said Wednesday<\/a>.  <\/p>\n<p>Meanwhile, consumer spending fell 0.4% in November and personal income slumped 1.1% last month. Sales of newly built homes fell 11% to an annualized pace of 841,000 841,000 in November. The final reading of the University of Michigan\u2019s consumer sentiment gauge stood at 80.7 this month, from 76.9 in November.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"What_are_market_participants_saying\"><\/span>What are market participants saying?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>\u201cTreasury prices are under severe selling pressure\u201d due to Brexit headlines, said Tom di Galoma, managing director of Treasurys trading at Seaport Global Securities. <\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Sunny Oh\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Sunny_Oh\"><\/span>Sunny Oh<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D1ACB6AEAD90%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# 2-year\/10-year Treasury yield curve hits steepest since 2017 &#8221; U.S. Treasury yields rose Wednesday as news reports suggested a Brexit trade deal could be reached soon, easing demand for haven investments further after Washington lawmakers passed another coronavirus aid package on Monday. The bond market will close early on Thursday and stay shuttered on&#8230;<\/p>\n","protected":false},"author":1,"featured_media":85984,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-140495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/140495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=140495"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/140495\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/85984"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=140495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=140495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=140495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}