20 Jun – 24 Jun 2016


Despite the ructions at the end of the week, the yield curve was largely unmoved. The 3-10 year spread fell 1bp to 56bps and the 3-20 year spread contracted by 2bps to 113bsp. For readers interested in where this places the curve in a historical context, the 3-10 spread is now close to the median since 1999.