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Local & USD Curves Bull Steepen Ahead of CBRT-Week

  • Local & USD rates unch at the open following a mixed close on Friday.
  • W/w the local curve pivoted around the centre, pulling -20bp lower in the 3m-1y portion of the curve, while the belly 2-7Y remained unch and the back end moved -10bp lower.
  • The USD curve bull steepened at the front end, moving 10-20bp lower in the 2-8Y section, while the back end stayed mostly stable.
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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