**As seen in Macro Walk report 03/17/23, subscribe at cablefxm.co.uk/reports
The rates section of the Macro Walk report displays our tracking list of yield curves, and yield change across tenors
Sovereign yield curves posted declines across the board, to say this week was historic is dismissive. The 2-year yield posted its worst day since the early 1980s, however, it recorded massive moves both ways. Bloomberg anchor, David Ingles, showed some visual guidance of this week's moves via Twitter
The dollar maintained its posture despite yield differentials plunging, the U.S. Treasury 2-year yield recorded a 2-sigma day to the downside, while the dollar rose vs most peers
BofA's MOVE index rose jumped above 150 to post the largest weekly rise since the financial crisis, surpassing the surge seen during pandemic crash
While volatility came both ways, rates did not recover, U.S. Treasury 2-year yield slipped to 3.842%, our tracking list shows this is the largest one-month decline in the front-end at -78bps. Canadian rates follow at -62bps on the month, Japan is flat while N.Z. is the only place where we have seen rates offered over this period
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