The Treasury yield curve from five to 30 years inverted by as much as 20 basis points in US trading Thursday, a day after the two- to 30-year spread also became the most negative in more than two decades. Shortly before the release of mixed US economic data stalled the trend, the five-year note’s yield rose almost eight basis points to around 3.68%, the highest since 2008 and 20 basis points higher than 30-year bond yields at that time. The curve had inverted by 18.5 basis points on June 14, previously the most since 2000, in a selloff unleashed by worse-than-expected inflation data that repriced expectations for how ... (full story)