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2s10s At Fresh Record Inversion Post-Powell

BUNDS

Bund futures have now completely retraced the post-Powell decline, back at 131.27. However, the short end has sustained most of its post-Powell weakness, with focus on higher ECB hiking prospects.

  • German 2s10s have flattened just under 4bp since the Powell text was released, down 5.1bp on the day and at a euro-era record inverted extreme of -63bp.

German 2s10s, bpSource: BBG, MNI

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