2s30s curve uninverted on Monday session following the weekend developments, the curve has not seen longer-dated yields surpass the front-end since January
Positioning for higher yields in the long-end has been popular as the odds of a Trump re-election rise, the 2s30s have rallied nearly 40bps following the June debate
This morning data failed to see a follow through in steepeners, 2s30s and 5s30s flatten by 5.4bps and 3.7bps, respectively
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