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August ' 24 US Treasury Report

In our Jul-24 report (28-Jun-24, US10Yr @ 4.32%), we were looking for the US10Yr to fall to 4.20% in July and to 4.12% in August, for the US2Yr to fall to 4.45% and for the US10-2Yr Spread to rise to -0.3%, or maybe -0.2%. That is largely how the market has played out so far with the US10Yr seeing an earlier than expected low of 4.14% and the US2Yr seeing a low of 4.348%.
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