Three Treasuries Screen as Relatively Inexpensive After Yields Fall

Three U.S. Treasury securities screened as relatively inexpensive after yields declined: a 2.5% bond maturing in February 2045, a 4.625% note due in August 2036 and a 4.375% note due in May 2036.

A spline curve model estimates yields across maturities, and each security’s yield is compared with the model’s estimate. The comparison shows how individual Treasury yields differ from the curve estimate.