A widely-tracked part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes , was at -56.9 bps. Earlier in the week, at the height of the banking turmoil, the curve reduced its inversion to -28.6 bps, the narrowest spread since October as investors reduced rate hike scenarios this year. The two-year U.S. Treasury yield, slid 14.9 bps to 3.981%. Fed funds futures on Friday priced in a 25-bp hike at next week's Fed meeting in the wake of solid data overall, with the inflation goal superseding banking sector concerns.
March 17 Friday 10:51AM New York / 1451 GMT
Price Current Net
Yield % Change
(bps)
Three-month bills 4.415 4.5246 -0.183
Six-month bills 4.615 4.8015 -0.098
Two-year note 101-49/256 3.9814 -0.149
Three-year note 102-88/256 3.7874 -0.201
Five-year note 102-40/256 3.5207 -0.216
Seven-year note 103-28/256 3.4917 -0.201
10-year note 100-180/256 3.4155 -0.168
20-year bond 101-152/256 3.7604 -0.111
30-year bond 100-56/256 3.6128 -0.101
DOLLAR SWAP SPREADS
Last (bps) Net
Change
(bps)
U.S. 2-year dollar swap 27.75 1.50
spread
U.S. 3-year dollar swap 16.50 2.25
spread
U.S. 5-year dollar swap 11.50 1.25
spread
U.S. 10-year dollar swap 4.00 0.75
spread
U.S. 30-year dollar swap -43.25 0.00
spread
(Reporting by Gertrude Chavez-Dreyfuss Editing by Nick Zieminski)
Messaging: rm://gertrude.chavez.reuters.com@reuters.net))