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Bonds Bounce, 2s10s Yield Curve New Multi-Decade Inverted Low

US TSY FUTURES
Bonds have bounced, extending highs ahead the NY open, USM3 taps 125-25 (+29), 30YY 3.8204% low, before drawing sell interest. Rates trimmed support earlier on ECB Holzmann headline suggesting multiple 50bp hikes ahead.
  • Rebound sees yield curves extend inversion to new multi-decade lows: 2s10s taps 93.584, lowest since fall of 1981, currently -93.047 (-2.155).

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