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⚖️🔺 Treasuries And Kiwi Sovereign Bonds Lead Curve Steepening: Cable FX Macro

**As seen in Macro Walk report 10/20/23, subscribe at

  • Sovereign debt yield rose across the board as curves steepened. The 10-year space saw Treasuries underperform as they jumped by 30.2bps to 4.9175%, it reached the highest level since 2007.

  • The Treasury 2s10s curve inversion narrowed to above -20bps and finished the week at the least inverted levels since September 2022

  • Treasuries and kiwi sovereign bonds lead curve steepening over the last month as they have narrowed inverted curves by about 50bps



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