**As seen in Macro Walk report 10/07/22, subscribe at cablefxm.co.uk/reports
Rates were offered across our tracking list found in the macro walk report, a few exceptions were seen in Japan, Australia, and N.Z. markets. Antipodes saw their respective central banks decide on policy this week, the RBA lifted the Cash Rate by 25bps which was perceived as a dovish tilt by markets, the RBNZ hiked by 50bps and delivered a more hawkish tone. 2-yr yields dropped in by 3.6bps in Australia, 13.4bps in N.Z.
The U.S. 10-yr yield moved higher on the week by 5.2bps after volatile trading which saw yields dropping by more than 25bps. The curve steepened as 30-yr yields rose by 6.6bps to 3.8417%, 2-yr yields moved up by 3.0bps on the week
U.K. gilt markets have been making headlines after moves seen over the last couple of weeks when the Bank of England had to pose as lender of last resort and stabilize the proper functionality of markets. 30-yr gilt yields moved higher by 56.8bps as the curve steepened, this saw short-term debt yield dip, 2-yr yields fell by 8.2bps. However, U.K. sovereign debt yields are substantially higher compared to last month
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