Just checked the US bond market and yields are climbing across the board. The 30-year treasury jumped about 3 basis points, now sitting at 4.93%, while the 2-year moved up around 1.2 basis points to 3.77%. That spread between 2-year and 10-year is widening too, up roughly 1.1 basis points to over 52 basis points.



The inflation-protected securities are moving in sync. The 10-year TIPS gained 3 basis points to 1.91%, and even the longer-dated 30-year TIPS climbed 4.24 basis points to 2.68%. The 2-year TIPS barely budged with a 0.5 basis point increase to 0.85%.

Looks like the broader US bond market is repricing higher across the curve. Worth keeping an eye on if you're watching fixed income or thinking about duration risk.
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