FOMC minutes on why yield curve is steepening
The recent increase in yields on long-term Treasuries owes to the stronger economic outlook and a decline in investors' perception of disinflation, minutes from the Federal Open Market Committee (FOMC) meeting, released on Tuesday, said.
Yields on longer-term nominal Treasury securities were little changed, on balance, over the period, but they had increased quite a bit in recent months, leaving the Treasury yield curve noticeably steeper. Some participants from the Federal Reserve's January 25
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