The Treasury curve bear-steepened this week. Front-end yields were little changed, but long-end yields surged, led by a rise of more than 20bp in bond yields as real yields led the move higher. US equities were little changed on the week as of late Friday morning despite an exceptional bout of volatility following the FOMC decision. And the dollar was also little changed after struggling to sustain any gains through 1.05 against the euro since late last month.
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