10-year Treasury Yield Back at 4.39%, Yield Curve Steepens at Long End, Mortgage-Rate Spread Remains Historically Wide

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10-year Treasury Yield Back at 4.39%, Yield Curve Steepens at Long End, Mortgage-Rate Spread Remains Historically Wide

wolfstreet.com/2025/05/09/10-year-treasury-yield-back-at-4-39-yield-curve-steepens-at-long-end-mortgage-rate-spread-remains-historically-wide

Despite the rumors during bond turmoil, foreigners kept buying Treasuries and the “basis trade” didn’t blow, but the “swap spread trade” made a mess.
By Wolf Richter for WOLF STREET.
The 10-year Treasury yield rose to 4.39% today and is now back in the middle of the range of the past…

This story appeared on wolfstreet.com, 2025-05-11 05:52:11.171000.