PRESS ROOM
Treasury curve steepens further as 20-year yields hit December 2019 levels
Thursday 04th March '21
The US Treasury yield curve has steepened further in recent weeks as long-term rates have risen on account of rising inflation expectations. The US Federal Reserve’s reiteration of its accommodative position for the foreseeable future has, so far, done little to quell the rise in yields. While the most recent US Consumer Price Index (CPI) inflation year on year figure for January was 1.4%, US breakeven rates are pricing inflation to reach around 2.5% within a year.