A bullish steepening of the US Treasury yield curve indicates short-term interest rates are falling at a faster pace than long-term interest rates due to an accommodating monetary policy environment undertaken by the Fed. The recent pull-back in the DJIA since last Friday, 12 September, has moved in line with the flattening of the US Treasury yield curve (10-year minus 2-year). Interestingly, the flattening process of the US Treasury yield has stalled at a major ascending support, and a re-steepening motion seems to be in progress as it staged a bounce from 0.48% on 11 September 2025 to 0.52% on Tuesday, 16 September 2025. The further re-steepening of the US Treasury yield curve will likely hinge on today’s release of the Fed’s latest economic projections and Chair Powell’s press conference, both of which will shape market expectations for monetary policy. Let’s now focus on the short-term (1 to 3 days) trajectory and key technical levels to watch on the US Wall Street 30 CFD Index