Kshitij Consultancy Services
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US Treasury Report
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December ' 23 US Treasury Report

In our last report (24-Oct-23, US 10Yr @ 4.85%) we had said that Brent can range between $80-100, the US 10Yr and 2Yr Yields can dip and the 10-2Yr Spread can rise. As it turns out, (A) Brent ($81.62) indeed saw a fall to the lower end of the $80-100 range and a false dip to $76.60 and has bounced back up from there, so the $80-100 range is still in play, (B) US Yields did indeed dip as expected, but the 10-2Yr Spread fell instead of rising.
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