Kshitij Consultancy Services
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US Treasury Report
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January ' 24 US Treasury Report

In our last report (27-Nov-23, US 10Yr @ 4.425%) we were looking for US Yields to rise to 5.10% in the near term before falling again in H1-24. However, that did not happen and instead the Yields continued to fall without respite. In our Dec-23 report, we had become bullish on Crude compared to our Nov-23 report, but instead of rising, Brent broke below $80 to see a low of $72.29 before bouncing back a bit. In a bit of a “goldilocks” development, the Nov-23 Unemployment surprised by dipping to 3.7% from 3.9% in Oct-23 while the Nov-23 CPI dipped further to 3.12%.
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