September 16, 2024 06:28 GMT
US TSYS: 2s10s Hits Fresh '24 Highs
US TSYS
No meaningful adjustments in futures as cash Tsys open at the start of the London session (Japanese holiday kept the latter closed in Asia hours).
- Bull steepening on the curve, yields 0.5-3.0bp lower.
- 2s10s register another ’24 high. Just below 9bp, while 5s30s trade around ~56bp, 1.5bp below year-to-date highs.
Fig. 1: U.S. 2-/10- & 5-/30-Year Yield Curves (bp)
Source: MNI - Market News/Bloomberg
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