Treasury yield curve flattens as Fed-hike expectations rise
Markets repriced interest-rate expectations, with futures pricing two more Fed hikes this year and pushing shorter-term yields up faster than the long end, flattening the curve.
Treasury yields are rising as markets reprice the outlook for interest rates. Futures markets are now pricing in two more Fed hikes this year. That has pushed shorter-term Treasury yields higher than the back end, flattening the curve. S.
inflation expectations, as measured by one-year swap contracts,...