⚖️🔺Dollar Rises As Treasury Curve Twist Flattens: Cable FX Macro

**As seen in Macro Walk report 08/25/23, subscribe at cablefxm.co.uk/reports

• The dollar extended gains for a sixth consecutive week to advance 0.7% vs G10 peers, while the rates section in our Macro Walk report showed the Treasury curve twist flattening

• U.S. 2-year yield rose 13.5bps on the week to finish above 5.0%, the long-end of the curve saw declines, these were more evident in 30-year yields after a drop of 9.1bps to 4.2896%

• The front-end of the curve saw double-digit declines in Gilt yields, as the 2-year fell by 16.8bps. The U.K. sovereign curve outperformed peers, 10-year Gilt yields fell 23.3bps. Sterling bottomed the G10FX on the week with spot losses of 1.2% to the dollar