US yield curve steepens to widest in more than a month

The US yield curve, as represented by the spread between yields on the 30- and five-year treasuries, jumped to 111 basis points on Thursday. That was the highest level since July 8. 

The curve has steepened due to economic optimism and a flood of new bonds, as noted by popular macro analyst Holger Zschaepitz. In addition, the disappointing 30-year bond auction may have played a role in lifting yields at the long end of the curve. 

Steepening of the yield curve usually bodes well for the US dollar.