U.S. yield curve flattest since July 26 - Reuters

Eren Sengezer FXStreet

The U.S. Treasury Department on Wednesday said that it was still considering an ultra long bond, but didn't announce a new issue, according to a recent Reuters report.

Key takeaways:

Long-dated debt yields fell on Wednesday, and the yield curve flattened to its lowest levels in a week
The Treasury gave no timing for when it may make a decision on an ultra-long bond
Concerns about bumping up against the debt ceiling may have delayed the Treasury from increasing debt issuance this quarter
The Treasury said on Monday that borrowing is likely to swell to $501 billion in the fourth quarter

As of writing, the 30-year T-bond yield is at 2.847%, down 0.2% on the day while the 10-year reference is at 2.62%, up 0.5%.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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