The app for independent voices
US 2s5s10s fly tracks the Fed cycle — 5yr usually outperforms until real cuts hit.
Friday’s ±8bp flip says it all. With Sep cut a done deal, 5yr edge is gone.
The fly is about to turn.
Sep 8
at
1:03 AM
US 2s5s10s fly tracks the Fed cycle — 5yr usually outperforms until real cuts hit.
Friday’s ±8bp flip says it all. With Sep cut a done deal, 5yr edge is gone.
The fly is about to turn.