In today’s briefing:
- Lucror Analytics – Morning Views Asia
Lucror Analytics – Morning Views Asia
- In today’s Morning Views publication we comment on developments of the following high yield issuers: Pakuwon Jati
- The UST curve bear steepened aggressively yesterday, driven by a soft auction of 20Y notes amid concerns over the US Budget deficit. The yield on the 2Y UST rose 5 bps to 4.02%, while that on the 10Y UST jumped 11 bps to 4.60%.
- Moreover, the yield on the 30Y UST climbed 12 bps to 5.09%, the highest since October 2023. Equities retreated on concerns over the US’ safe-haven status. The S&P 500 fell 1.6% to 5,845, while the Nasdaq declined 1.4% to 18,873.
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