Fixed Income Update 29 Feb 2024
KBVS WEEKLY FIXED INCOME UPDATE
Thursday, 29 February 2024
The Challenges of The Services Inflation
UST2Y yield experienced an increase of +8.95 bps on a weekly basis, +33.40 bps MoM and +43.30 bps Ytd (as of 28 Feb), but decreased by -13.29 bps YoY. UST10Y yield increased +1.80 bps on a weekly basis, +15.41 bps MoM, +41.23 bps Ytd (as of 18 Feb) and +37.14 bps YoY. As a consequences, UST10Y-UST2Y yield spreads also increased by +50.43 bps, but decreased by -7.15 bps on a weekly basis, -17.99 bps MoM and -2.07 bps ytd (as of 28 Feb).
SUN2Y yield increased 0.50 bps on a weekly basis, but decreased by -6.70 bps MoM, -20.20 bps ytd (as of 28 Feb) and -26.20 bps YoY. SUN10Y yield increased 12.50 bps ytd (as of 28 Feb), but decreased -2.50 bps on weekly basis, -5.10 bps MoM and -149.00 bps YoY. SUN10Y-SUN2Y Yield spreads increased +1.60 bps MoM and +32.70 bps ytd (as of 28 Feb), but decreased -3.00 bps weekly and -3.60 bps YoY.
Regards,
KBVS Research Team