US 2 years

Look at the speed of the drop in 2 year yields,they went from 1.43% down to .70% in 8 trading sessions pretty amazing.

Now look at the Impact on the 2s10 spread it has steepened or moved higher aggressively as 2 years priced in large Fed cuts whereas the 10s moved a bit slower as they have other things to price beside Interest rate cuts. Another impressive move in the Curve.

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