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US Treasury Report
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March ' 23 US Treasury Report

In our last report (30-Jan-23, US 10Yr @ 3.53%), we had said that a recession (which was the talk of the market at that time), might kick-in earliest by Oct-23 and as such, the FED may not cut rates in 2023. We had also said that the US 2Yr could still rise towards 5.25%, while the US 10Yr could still rise towards 4.00%. Since then, the talk of recession has faded away and instead the talk is about the persistence of inflation
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