September 20, 2024 15:47 GMT
US TSYS: Sharp Renewed Steepening On A Dovish Waller
US TSYS
- A surprisingly dovish Fed Governor Waller (voter) has seen a sharp bounce in front end Treasuries.
- 2Y yields have dropped approaching 5bps now, trimming the day’s increase to just 1.0bps after an earlier sell-off that we had struggled to pin any headlines to.
- 2s10s steps to fresh two-year highs at 15.6bps (+2bps on the day).
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