April 24, 2018 / 12:27 PM / 3 months ago

TREASURIES-U.S. yield curve flattens; 10-year yield below 3 pct

NEW YORK, April 24 (Reuters) - The U.S. Treasury yield curve flattened in early U.S. 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. (Reporting by Richard Leong Editing by Chizu Nomiyama)

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