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Only 2s and 5s Breach Tuesday's Yield Peaks

US TSYS

Only 2s and 5s have extended beyond their respective Tuesday yield peaks as Asia-Pac participants react to Fed Chair Powell’s rhetoric on day one of his two-day circuit on the Hill. This comes after the long end drew support as 10s failed to break meaningfully above the 4% mark during Powell’s appearance. 2s have shown as high at 5.04%, which represents the highest level observed since 2007 (the ’07 2-Year yield peak is located at 5.128%).

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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