⚖️🇺🇸U.S. 10-Year Yield Saw Marginal Decline In March, Curve Flattens: Cable FX Macro

• The third month of the year failed to see the 10-year benchmark yield extend higher from February, rates bid saw the yield decline 5bps on the month

• Curve flattening saw the 2s10s drop to -42.2bps and the 2s30s to -27.9bps, curve inversion finished off lows

• March price action was skewed to the downside and the 10-year pared most of its declines into EoM, yields had declined over 20bps to 4.0344% before closing at 4.2003%