29 Aug – 2 Sep 2016


The yield curve flattened once again this week as the 3y/10y spread fell another 4bps to 44bps and the 3y/20y spread fell 5bps to 98bps. Longer term yields were steady for all intents and purposes and the flattening was almost purely from a 4bps rise in the 3 year yield.

160903 3y10ybondspread


160903 yield curve