What’s happeningWhat’s driving markets The U.S. benchmark 10-year yield is down more than 50 basis points from the multi-year peak touched in mid-June, after worries about inflation turned into concerns about economic growth.What’s happening What’s driving markets The U.S. benchmark 10-year yield is down more than 50 basis points from the multi-year peak touched in mid-June, after worries about inflation turned into concerns about economic growth.
The result is a flattening yield curve, with 2-year yields of 2.906% little different to those provided by the benchmark 10-year.
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