The spread between 30-year and 5-year Government Bond Yields in the US fell to 0.32% this week, the narrowest gap since 2007. This means the US yield curve is very flat and there is a limited reward for investors to lend money to the US Treasury for the long-term; they would receive just an extra 0.3% per year if they wait a quarter of a century longer (in 2010 it would have been an extra 3% per year).