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EXECUTIVE SUMMARY * TRUMP HAILS 'VERY GOOD' IRAN TALKS FOLLOWING ANNIHILATION THREAT - BBG: #cdbad0a1-5c8d-4cdb-9819-370162b99299 * ZELENSKY ASKS TRUMP FOR WINTER ARMS PACKAGE, EXPECTS ENERGY-CEASEFIRE PUSH - WSJ: #a4c79a68-e487-466b-a806-4885fa3200e0 * LASTING SHOCKS, FIRMING DEMAND REQUIRE FED ACTION - BARKIN - MNI
By Caitlin McCabeA closely watched part of the Treasury yield curve is flattening.The spread between the two-year and 10-year Treasury yield hit its narrowest level since March 2025 this morning, according to FactSet data, in the latest sign that investors are pricing in higher rates.The spread has…