Thornburg Investment Management Portfolio Manager Lon Erickson in Reuters

TREASURIES-U.S. yields dip amid rate hike uncertainty; curve steepens

NEW YORK, Oct 25 (Reuters) - U.S. Treasury yields slipped on Monday in choppy trading, weighed down by market uncertainty about when the Federal Reserve would tighten monetary policy in the face of persistently high inflation.
The U.S. yield curve resumed steepening as investors continued to unwind curve flattening bets, which suggested a looming rate hike by the Fed. The spread between U.S. 5-year
notes and 30-year bonds widened to 91.4 basis pointson Monday, from 87.2 basis points late Friday.
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