TREASURIES-U.S. yield curve steepens as investors pare aggressive rate hike bets - NewsBreak

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By Gomez in Business
Updated 2 years ago

* U.S. 10-year yield hits highest since early June * U.S. 20-year, 30-year yields touch one-week highs * U.S. 5/30 yield curve steepens to 92.8 basis points (Adds new comment, Fed's Waller's remarks, updates prices) By Gertrude Chavez-Dreyfuss NEW YORK, Oct 19 (Reuters) - The U.S. Treasury yield curve widened on Tuesday, as investors unwound flattening moves of the last few sessions after global central banks dampened expectations of near-term tightening that spilled over to the world's largest bond market. The steepening of the curve extended further after weaker than-expected U.S. housing data. The benchmark 10-year U.S. Treasury yield, meanwhile, rose to its highest in more than four months. U.S. fed fund futures, which track short-term Federal Reserve rate expectations, on Tuesday priced a 64% chance of a rate hike in July next year, down from 82% on Monday. Traders also priced a 46% chance of a U.S. rate rise by June next year, down from a more than 60% chance on Monday. The yield

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