⚖️🔺Treasuries Lead Curve Steepening: Cable FX Macro
- Rosbel Durán
- Oct 9, 2023
- 1 min read
**As seen in Macro Walk report 10/06/23, subscribe at cablefxm.co.uk/reports
The rates section in our Macro Walk report showed curve steepening in the sovereign debt space, the move is led by U.S. rates as the curve rose by 45.7bps to -28bps
Only Italy, China, Japan and Australia see long-term rates yielding higher than the short-term
U.K. Gilt yields follow the move closely as they have steepened by 39.6bps to -29.8bps. The 10-year yield rose by 13.6bps on the week, while the 2-year equivalent dipped by 1.6bps
U.S. 2s10s move higher accelerated on the jobs report, the inversion reached 26bps to mark the smallest differential since October 2022
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