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Steeper Curve as Fiscal Details Awaited

US TSYS SUMMARY

The curve traded marginally steeper into the close Thursday, with markets awaiting the final details of the $900bln fiscal package from US lawmakers, on which the details are expected ahead of the Friday close. The price action wasn't one-way however, with March futures pushing lower at the end of the London session, moving swiftly from 137-29+ to 137-24 (last 137-25+) as the curve bear steepened on no material headline catalyst.

  • 3M10Y +1.0, 84.3
  • 1Y10Y +0.7, 84.6
  • 2Y10Y +0.5, 81.2
  • 2Y30Y +1.4, 156.0
  • 5Y30Y +1.5, 130.6
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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