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Tsy Ylds Forge Higher, Yld Curves Bear Steepen to Late Sep Lvls


Bonds lead carry-over sell-off in Tsys again w/ new cycle high 10YY of 4.2949%, yield curves bear steepening: 2s10s +5.677 at -32.924 - puts it back to Sep 28 levels when curve reversed from appr -23.702 high to -40.579 after the BoE paused Gilt sales intro'd buy-ops to calm markets in aftermath of the Sep 23 mini-budget.
Current levels:

  • 3M10Y +6.799, 28.765 (L: 18.893 / H: 28.977)
  • 2Y10Y +5.677, -32.924 (L: -38.595 / H: -32.266)
  • 2Y30Y +8.452, -31.066 (L: -38.983 / H: -29.042)
  • 5Y30Y +6.344, -16.558 (L: -22.582 / H: -14.443)

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