NEW YORK: The US Treasury yield curve flattened in early US trading on Tuesday with the benchmark 10-year yield holding below 3 percent in advance of a $32 billion auction of two-year government notes.
At 8:20 a.m. (1220 GMT), the spread between two-year and 10-year Treasury yields narrowed 0.6 basis point at 48.60 basis points after hitting its steepest levels in two weeks on Monday.
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