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FV/UXY Flattener Helps Push 2-/10-Year Curve Towards Post-SVB Extremes.

US TSYS

The previously covered FV/UXY flattener block helps the 2-/10-Year Tsy yield spread to fresh session extremes when it comes to the degree of inversion witnessed. The spread is still ~1bp above yesterday’s extreme, which represented the deepest level of inversion seen since the SVB-related volatility observed in March. CPI is due to cross in just under 10 minutes.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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