(Bloomberg) – Republican plans to overhaul the U.S. tax system are stoking demand for longer duration on the part of corporate pension funds, adding fuel to the seemingly inexorable flattening of the Treasuries yield curve.

That's the take from Peter Tchir, a strategist at broker-dealer Academy Securities Inc., who detailed the idea in a note this week as the curve flattened to levels unseen in a decade.

The House passed a tax bill last week, and the Senate Finance Committee approved a version as well, with lower corporate taxes factoring into both.

Recommended For You

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.