16 Nov – 20 Nov 2015


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Yields had been moving up in large amounts and across the curve in recent weeks but in the last week yields fell by a bit more at the long end and so the yield curve flattened marginally again this week. The 3y/10y bond spread dropped by 4bps to 80bps as 3 year yields moved down 1bp and 10 year bond yields moved down 5bps. Since mid-August, the 3y/10y bond spread has generally ranged between 80bps and 90bps.

bond spread-20nov
bond yield 20nov