Thursday, September 16, 2010

Ahead of the yield curve

Good news abounds today.

The yield curve is getting even steeper.

Longer-term Treasuries fell, pushing the 30-year bond yield to a one-month high, as reports on Philadelphia manufacturing and U.S. initial jobless claims eased concern that the economic recovery is stalling.

The yield on the 30-year bond increased 8 basis points, or 0.08 percentage point, to 3.95 percent.

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