Dynamics of US government bond yields
Last week, the spread of long-term rates narrowed.
The yield on 30-year securities decreased by 0.02 pp. (YTD + 0.71 p.p.)
The yield on 10-year securities increased by 0.05 pp. (YTD + 0.8 p.p.)
The average spread on long-term bonds over the past week amounted to 0.667 pp.
The indicator of expected inflation – the difference between ordinary and inflationary 10-year securities over the week increased by 0.02 percentage points. up to 2.35%
Short-term rates have not changed over the past week
The average spread on short-term bonds was 0.047 pp.