6-month T-bill rate surpasses 5% as Treasury yield curve goes more negative following January inflation data
The 6-month T-bill rate rose past 5% on Tuesday after the U.S. consumer price index report for January TMUBMUSD06M, 5.036% showed inflation to be sticky and slowing grudgingly. Meanwhile, the 1-year T-bill rate TMUBMUSD01Y, 5.031% inched closer to the 5% level, at 4.99%, while the policy-sensitive 2-year rate TMUBMUSD02Y, 4.634% rose to 4.6%. Rates on […]
Spread between 2- and 10-year Treasury yields is on pace for its deepest inversion since October 1981
The Treasury curve, as measured by the spread between 2- and 10-year yields, headed for its deepest inversion in more than 41 years on Thursday. The spread narrowed to as little as minus 87.2 basis points, driven by a drop in the 10-year rate TMUBMUSD10Y, 3.606% while the 2-year rate TMUBMUSD02Y, 4.488% held steady. It’s […]