US 10 year yield/30 year yields make new highs

<p>Both the US 10 and 30-year yields are stretching to new highs.</p><ul><li>The 10-year yield has just reached 4.535%. The low for the day was 4.45%. The new high represents the highest level since October 2007.</li><li>The 30 year yield just reached 4.653%, which is the highest level since January 2011</li></ul><p>As the market transitions to "higher for longer", some of the negative yield curve is being taken out of the market.</p><p>The 2 – 10 year spread is down to around -59. That is still well negative and below the lowest level going back to 1989 before 2022 between -51 pips to -47 pips. There is still a long way to go to a positive yield curve. </p><p>The spread between the 2 year and the thirty-year is at -48 pips. At least for that spread, it is now back above the1989 and 2000 year lows Those levels came between -79.5 pips and -68.7 pips. Having said that, it is still nearly 50 basis points from being positive.</p><p>It makes you wonder when, and at what levels will the 2, 10, and 30 year yields will be at, when the yield curve finally turns back into positive territory.</p><p>The 2 year yield today is up too, but only by 1.5 basis points to 5.137% currently. </p>

This article was written by Greg Michalowski at www.forexlive.com.