Treasuries rallied and the U.S. yield curve steepened after minutes of the Federal Reserveâs March meeting revealed most officials backed starting to shrink the central bankâs $4.5 trillion balance sheet later this year.
The 10-year yield fell three basis points to 2.33 percent at 2 p.m. Mountain time, Bloomberg Bond Trader data show. The yield curve from five to 30 years steepened for a fifth straight session, the longest streak since September, to 113 basis points. Itâs the widest spread since...
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