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Analysis by Region - North America - US

Publisher Oxford Economics
Published Jul 07, 2023
Length 7 Pages
SKU # OFE18071725

Description

Analysis by Region - North America - US



Treasury yields were higher this week, led by 20bps increases in seven- and 10-year yields as of early Friday afternoon. Bearish technicals, asset manager positioning, and rising Fed rate hike expectations pushed rates higher overall. The curve steepened, though, after the -110.9bps March low on the 2s10s spread held firm on Monday. That was the most inverted the curve has been since 1981. Stocks were lower for the week, although the Nasdaq was leading a rebound ahead of the weekend. The dollar did little for most of the week but sold off into the weekend following the June jobs data.

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7 Pages
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