⚖️🇬🇧 U.K. Gilt Yields Steepened The Most Over Last Month: Cable FX Macro
- Rosbel Durán
- Jul 16, 2023
- 1 min read
**As seen in Macro Walk report 07/14/23, subscribe at cablefxm.co.uk/reports
Sovereign curves post a mixed performance over the last month, U.S. Treasuries seems unchanged from previous steepening while the AGB curve flattens the most and Gilt yields steepen by more than 20bps
N.Z., Canada and U.K. curves see steepening, gilts yields led the rise at 23.4bps to -75.6bps. However, the curve saw marginal moves this week as 2-year Gilt yield fell by 19.2bps and the 10-year dropped by 20.6bps
AGB front-end recorded the largest drop in the space as yields declined by 34.2bps on the week, kiwi rates followed at -20.5bps. The U.S. 2-year Treasury yield declined by 17.8bps to 4.769%, the 10-year yield extended lower to 3.834%
Despite the decline in the U.S. Treasury yield curve, rates remained offered when compared to a month ago
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