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Long-end Treasury yields climb above pre-Fed highs

Sumary of Long-end Treasury yields climb above pre-Fed highs:

  • 10-year yields climb by nearly 5 bps to 1.69% The message from the Fed is quite clear yesterday…
  • As mentioned earlier here, it is moving towards a case of the Treasury yield curve being steeper for longer…
  • As for FX, there’s a built-in safety net for the dollar if yields do extend higher although short-term flows may still suggest some weakness post-Fed for the time being…….

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