⚖️🌐U.S. Treasury Yield Curve Twist Flattens, AGBs Outperform: Cable FX Macro
- Rosbel Durán
- Dec 10, 2023
- 1 min read
**As seen in Macro Walk report 12/08/23, subscribe at cablefxm.co.uk/reports
The week saw the front-end of the U.S. Treasury curve heavily offered as yields rose the most in our watch list, U.S. 2-year yield up 17.5bps on the week. In this space, JGB yields increased by 3.6bps, Bund yields ticked up by 1.3bps
Treasuries traded with a twist-flattening tone as 30-year yields dipped by 6.9bps on the week; the Bund equivalent fell by 16.5bps
Diverging from the rest of our watchlist, AGBs traded with a bid tone after the RBA decided on rates and GDP data was released. AGB 2-yr yields dropped by 15.8bps
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