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RATES CONTINUE TO DECLINE BUT THE FRONT END IS LAGGING

Post Date: 07 December 2023

The 10Y UST yield is closing in on the 4% mark as if a weak jobs report tomorrow was a given. But underlying is also a further slide of inflation expectations. The front end is lagging, however, and being already priced aggressively for cuts, it will probably need these to become more imminent to rally further  


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