A Steep Treasury Curve and the December Hike: What It Means for Risk Assets

The U.S. Treasury curve ended the week of 2-6 Nov 2026 in a shape that is easy to read and hard to ignore. The 2Y yield held at 4.51% and the 10Y at 4.86%, while the 2Y-10Y slope stayed at +0.350% and the 10Y-30Y slope at +0.400%. That is a steep, fully dis-inverted curve. For crypto and other risk-asset readers,…