0555 GMT - The U.S. Treasury curve is flattening slightly in Asian trading hours, as short-end yields rise while long-end yields are largely flat, according to LSEG data. Thursday's curve steepening is thus reversed. The previous day's steepening was triggered by weaker-than-expected 1Q GDP data, Federal Reserve officials' speeches indicating forthcoming easing of monetary policy despite the potential impact from tariffs, says Danske Bank Research's Kirstine Kundby-Nielsen. "On top of this there is the ongoing speculation that Trump will name a successor for [Fed Chair] Powell already in the autumn to put pressure on Federal Reserve to ease monetary policy," the analyst says. The two-year yield is up 3bps at 3.743%; the 10-year yield is flat at 4.255%; the 10-year 30-year yield is down 1 basis point at 4.806%. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

June 27, 2025 01:55 ET (05:55 GMT)

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