Yield Curve August 2015


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The yield curve steepened a few points over August as rates in general fell but more so at the short end. 3y rates dropped 14bps to 1.77% while 10 y rates dropped 11bps to 2.69%. The 3y/10y spread closed at 92bps, up from 89bps after reaching as low as 80bps during the China ructions and short of the 104 reached in early July.