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2026-09-25

US Treasury 2s/5s/10s Butterfly Turns Positive, Exiting Its Post-2022 Negative Range

US Treasury 2s/5s/10s Butterfly Turns Positive, Exiting Its Post-2022 Negative Range

Key points

US Treasury 2s/5s/10s par-yield butterfly, basis points, 2017-2026 | Back to about 0bp and turning positive after years below zero

Image source: @AugurInfinity