AI-powered Treasury yield curve analysis
The Treasury yield curve on Wednesday showed a tightly packed middle section with wider gaps at the long end. Between the 2-year and 7-year, only 32 basis points separated neighboring maturities, a spread that was 34 basis points last week and 33 basis points a month ago.
Long-maturity Treasury yields moved lower on Tuesday, with the 20-year Treasury yield settling at 4.84 percent and the 30-year Treasury yield at 4.87 percent.
Short-end Treasury rates showed a mixed picture at the start of the week. The 4-week Treasury bill rate slipped to 3.69 percent from 3.72 percent a week ago, and the 3-month Treasury bill rate edged down to 3.71 percent from 3.72 percent.
At the top of the Treasury yield curve on Friday, the 30-year Treasury yield stood at 4.91 percent, the highest reading across all maturities, while the 4-week Treasury bill rate sat at 3.67 percent, the lowest.
At the quiet end of the Treasury yield curve, the 7-year Treasury rate held at 4.10 percent for a second straight session, and the 1-year Treasury rate stood at 3.68 percent, unchanged from both the prior day and one week earlier.