September 11, 2024 07:54 GMT
2yr Yields are leading lower
BONDS
- While the German 10yr Yield is still some way short of the August low, the 2yr Yield is slowly extending through the August low, lowest level since March 2023.
- German 2s/10s is steeper given that the Schatz outperforms, and the German 10yr supply might be helping limit the upside in 10s.
For the German 2yr Yield, reference 107.105:
- 1.956% = 107.455.
US 2yr Yield falls to its lowest level since Sept 2022.
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