Treasury curve steepens as traders reprice the Fed's liquidity window
A hotter services print and a quieter balance-sheet path have the long end doing more of the work again.
Senior Markets Correspondent
Financial candlestick chart on a trading screen
NEW YORK — A hotter services print and a quieter balance-sheet path have the long end doing more of the work again.
Desk notes said the 2s10s move is less a recession scare than a reminder that term premium can return without a crisis — a problem for anyone who borrowed against a 2024 rate dream.
Elena Vasquez
Senior Markets Correspondent
Covers Treasuries, the dollar, and the policy signals that reprice risk assets.
