US YIELD CURVE STEEPEST IN FOUR YEARS The gap between 2- and 10-year Treasury yields has widened to about 69 basis points, near a four-year high, as investors await the Treasury’s bond auction plans. Long-term yields are rising on concerns about growing debt and policy shifts, while short-term yields remain steady due to Fed rate-cut expectations. The steepening curve signals mounting fiscal pressure, raising borrowing costs for the government. Markets are watching Wednesday’s refunding announcement for clues on future debt issuance.(*Walter Bloomberg)