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Bear Curve Steepening Hits High Gear

US TSY FUTURES
Tsy yields hit new cycle highs yet again (2YY 4.3450%, 10YY 3.8514%, 30YY 3.6809%), sell-off gaining momentum more after recent BOE Bailey headlines:
    • "BOE BAILEY WON'T HESITATE TO CHANGE RATES BY AS MUCH AS NEEDED", though OE TO ASSESS POUND DROP, FISCAL PLAN AT NEXT SCHEDULED MEETING", bbg
  • than to domestic Fed speak: Atlanta Fed Bostic virtual event:
    • NEED TO CONTROL INFLATION, WILL BE VOLATILE UNTIL THEN .. WE'VE STILL GOT A WAYS TO GO TO CONTROL INFLATION, Bbg.
  • Yield curve bear steepening nearing last Thu's highs, currently running:
    • 3M10Y +11.553, 60.25 (L: 46.853 / H: 60.453)
    • 2Y10Y +8.553, -44.17 (L: -55.982 / H: -43.954)
    • 2Y30Y -0.907, -61.498 (L: -68.009 / H: -54.978)
    • 5Y30Y -7.12, -44.774 (L: -45.94 / H: -36.857)
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Tsy yields hit new cycle highs yet again (2YY 4.3450%, 10YY 3.8514%, 30YY 3.6809%), sell-off gaining momentum more after recent BOE Bailey headlines:
    • "BOE BAILEY WON'T HESITATE TO CHANGE RATES BY AS MUCH AS NEEDED", though OE TO ASSESS POUND DROP, FISCAL PLAN AT NEXT SCHEDULED MEETING", bbg
  • than to domestic Fed speak: Atlanta Fed Bostic virtual event:
    • NEED TO CONTROL INFLATION, WILL BE VOLATILE UNTIL THEN .. WE'VE STILL GOT A WAYS TO GO TO CONTROL INFLATION, Bbg.
  • Yield curve bear steepening nearing last Thu's highs, currently running:
    • 3M10Y +11.553, 60.25 (L: 46.853 / H: 60.453)
    • 2Y10Y +8.553, -44.17 (L: -55.982 / H: -43.954)
    • 2Y30Y -0.907, -61.498 (L: -68.009 / H: -54.978)
    • 5Y30Y -7.12, -44.774 (L: -45.94 / H: -36.857)