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  • The long-duration treasury yields continue to rise.
  • The yield curve steepening may embolden the hawks at the Fed.

The yield no the US 30-year treasury note rose to a fresh four-year high of 3.4302 percent in Asia.

Meanwhile, the spread between the 30-year yield and the 5-year yield 35 basis points – the highest level since May 29.

The steepening of the treasury curve – yields at the long end rise more than the yields at the short end – could embolden the Fed that it can continue to tighten further.