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Widening 5-30 spread favors short-term debt

Traders are favoring short-dated Treasurys as the spread between five-year and 30-year securities increased Wednesday for the ninth day in a row, a phenomenon last seen in 2012. “More than rates, the curve shape has been consistent and telling a strong story,” said Aaron Kohli, a fixed-income strategist at BMO Capital Markets.

Bloomberg (9/15)