⚖️📉 Bonds And Equities Start Diverging: Cable FX Macro
- Rosbel Durán
- Jan 19, 2023
- 1 min read
Bonds and equities have traded in similar directions as risk turned sensitive to yields
Correlation over the short-term post a 77% coefficient between an ETF U.S. Treasury securities and the market benchmark
However, risk and bonds started to diverge in recent trading as equities fall and bonds hold to their levels. While Treasuries are down for the day, they do not trade in line with the benchmark index
U.S. 10-year yield is up 2.3bps on the day at 3.393%, 5s30s is flat on the session at 9.9bps, 2s10s flat at -71.0bps
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