Core Viewpoint - The flattening of the U.S. yield curve suggests that the Federal Reserve is unlikely to ease monetary policy in June [1] Group 1: Yield Curve Analysis - The benchmark 10-year U.S. Treasury yield has decreased to 4.267%, down by 5.1 basis points [1] - The 2-year U.S. Treasury yield fell by 2.5 basis points to 3.768% [1] - The spread between the 2-year and 10-year Treasury yields has narrowed to 49.9 basis points, down from 51 basis points [1] Group 2: Implications for Federal Reserve Policy - A flattening yield curve typically indicates that the Federal Reserve is less likely to implement a rate cut during its upcoming meeting [1] - In a typical easing cycle, the yield curve tends to steepen, contrasting with the current trend [1]