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⚖️❗️U.S. 2s10s Flatten By 17 Basis Points On The Month: Cable FX Macro

**As seen in Macro Walk report 06/02/23, subscribe at

  • This week's rates section in the Macro Walk report saw yields declining across the Treasury curve, the 2-year yield dropped by 6.2bps, and the 10-year yield fell by 10.1bps

  • The 2s10s curve spread is now tracking a flattening of about 17bps to -79.6bps. A rise in Fed tightening bets has sent curve inversion to the highest since mid-March

  • The German front-end recorded the largest downside move this week, the 2-year Bund yield fell by 13.4bps on the week to 2.840%. Bund 2s10s curve spread is now at -46.6bps, down 10.3bps on the month



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