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Curve leans flatter, in line with EGBs

US TSYS SUMMARY

US Treasuries have traded within their overnight ranges during the European morning session.

  • Curve trades flat in line for Europe Govies, albeit leaning flatter on the margin, but well within ranges traded post FOMC.
  • We have seen little or heard little in terms of Month End flow, but it is worth noting that for some clearer at least, this Month, extensions are on the low side.
  • Looking ahead, more speakers are scheduled, which today includes, Fed Barkin (At MNI Event).
  • ECB Lagarde, Villeroy, Weidmann, and BoE Hauser.
  • 2y yields up 0.2bp today at 0.257%
  • 5y yields up 0.4bp today at 0.901%
  • 10y yields up 0.3bp today at 1.481%
  • 30y yields down -0.3bp today at 2.094%
  • 2s10s unch today at 122.3bp
  • 10s30s down -0.6bp today at 61.3bp

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