Yield Curve Pre- And Post-Buyback

Treasury yields are trending higher across the curve, reversing initial declines in long-term rates.

Source: DepositPhotos

How’s it going? 10-year yields are up relative to Friday. Indeed, after initial progress in lowering long rates, pretty much the entire yield curve is now up.

Figure 1: Yield curve as of 8/18 (blue), as of 8/19 (orange), as of 8/28 (green), all in %. Source: Treasury.

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