The move into Treasurys has left the yield curve at its flattest level since the end of 2008,...

|By:, SA News Editor

The move into Treasurys has left the yield curve at its flattest level since the end of 2008, with 30-year - off 8 bps to 2.82% - yielding only 273 bps more than the 90-day T-bill. At 1.71%, the 10-year is approaching its lowest yield ever. As in 2011 among the world's most hated asset classes, Treasurys in 2012 are close to overtaking stocks yet again.