Treasury Yield Curve Steepens to Record Level
The Treasury yield curve widened to a record today as investors bet an accelerating recovery in the US economy will fuel inflation and hurt demand for unprecedented sales of government debt. The yield curve is often viewed as a barometer of the health of the US economy. The difference between the yields of the 2-year Treasury note and the 10-year Treasury note yields widened to 281.4 basis points (a basis point is 0.01 percentage point) from 145 basis points at the beginning of the year. The yield on the benchmark 10-year Treasury note itself climbed 10 basis points with the…