⚖️🇺🇸 U.S. 10-Yr Records Sixth Consecutive Monthly Rise In October: Cable FX Macro

• The U.S. 10-year yield rose by 35 basis points in October to record its sixth consecutive month of increases, the rate finished at 4.9307%. We have not seen this streak of rising yields since January 2017

• So far this year, we have seen the 10-year yield rise about 105 basis points, while it is up 159 basis points from its 52-week low seen in March

• Curve inversion has come off its cycle lows, both 2s10s and 2s30s finished October at the highest since Summer of 2022