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Writer's pictureRosbel Durán
Aug 1

⚖️❗️U.S. 10-Year Yield Drops For Third Consecutive Month In July: Cable FX Macro

  • The benchmark U.S. Treasury 10-year yield recorded a third consecutive monthly drop in July, such a streak has not been seen since 2021

  • U.S. Treasury curve steepened further in July as 2s30s are now fully un-inverted at 9bps

  • The 10-year yield is now at the lowest level since February, below 4.0%

  • The recent trend is a reversal of what we saw last year, rates were offered and yields rose nonstop from May to October 2023


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