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New record low yields in 5yr and 2yr

US TSYS
US treasuries is seeing continued better buying in the shorter part of the curve, pushing the curve bull steeper.
  • 2.7k TUU0 bought in the past few minutes, and 2yr and 5yr yields trade deeper into record lows.
  • Despite the big earning results from the tech giants yesterday, the pace of the global recovery remains a sticking point.
  • Investors look for yields, and Month End flow might also be playing a role.
  • Although worth noting that extension for US Treasuries are small to average.
  • Safer Haven prevails going into the weekend.

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