⚖️🔻N.A. Rates Fell The Most Last Week: Cable FX Macro
- Rosbel Durán
- Mar 12, 2023
- 1 min read
**As seen in Macro Walk report 03/11/23, subscribe at cablefxm.co.uk/reports
Last week, we saw a decline in yields across the board, the move was led by N.A. rates. Front-end yields both in the U.S. and Canada fell by 27 basis points
The move sent Canadian 2-year yields to 3.953%, this leaves the curve below where it was a month ago. Our tracking list found in the Macro Walk report shows 2-year yields above levels relative to a month prior, except for Canada and Australia
Japanese and Swiss front-end rates were the only markets to record upside moves on the week, the latter increased by 4.7 basis points. We recently noted the outperformance in CHF and JPY vs the G10
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