February 27, 2018 / 2:07 PM / 3 months ago

TREASURIES-U.S. yield curve flattens in the wake of Powell's remarks

NEW YORK, Feb 27 (Reuters) - The margin between U.S. shorter- and longer-dated yields narrowed on Tuesday as Federal Chairman Jerome Powell said the U.S. central bank would stick to a gradual approach on raising interest rates with inflation stuck below its 2-percent goal.

At 9:05 a.m. (1405 GMT), the spread between five-year and 30-year Treasury yields contracted 1 basis point to 53 basis points. It was wider than the decade-tight of 40 basis points set on Feb. 1, according to Tradeweb.

Reporting by Richard Leong

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