(Bloomberg) -- The flattening of the Treasury yield curve, a persistent theme over the past several weeks, appears to have no shortage of momentum. On Tuesday, the spread between five- and 30-year U.S. yields tumbled below 60 basis points to the lowest since November 2007. The market is beginning to price in more rate hikes from the Federal Reserve next year, which is causing short-end yields to climb, while long bonds rally from demand for duration.
To contact the reporter on this story: Brian Chappatta in New York at bchappatta1@bloomberg.net.
To contact the editors responsible for this story: Benjamin Purvis at bpurvis@bloomberg.net, Sophie Caronello, Mark Tannenbaum
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