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Post-BoE React

US TSY FUTURES
  • Front month Treasury futures maintain modest gains after the Bank of England raised the policy rate by 25bp to 4.25% by a 7 to 2 vote, largely as expected.
  • Jun'23 10Y futures currently +5.5 at 115-08.5, 10Y yield 3.4772 +.0431; 2Y futures steady to +.12 at 103-16.12, 2Y yield back below 4.0 at 3.9609% +.0242.
  • Yield curves inching steeper but well off early overnight highs, 2s10s +1.486 at -49.194 vs. -42.481 overnight.

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