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Yields Hit Session Highs, 10s Retraced 2/3 Of Post-SVB Drop

GILTS

Alongside the bounce in global equities and spike higher in Tsy yields in the past half hour, 10Y Gilt yields have hit session highs in at 3.545% and have retraced 29+bp higher from Monday's lows (up 17+bp on the day). They're now just 10bp below where they stood prior to the SVB Financial news Thursday.

  • 2Y yields are also hitting session highs at 3.540%, up 39bp from Monday's lows, including 17bp today - but still 27bp below pre-SVB.

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