Weekly Target: 4.432% - 4.412%
- Yield drifted down to ~4.23% despite strong data.
- Market still pricing in rate cuts later this year.
- Divergence: Durable Goods, GDP, and PMI were solid — but yields faded → risk-on demand + safe haven unwind.
- Yield drifted down to ~4.23% despite strong data.
- Market still pricing in rate cuts later this year.
- Divergence: Durable Goods, GDP, and PMI were solid — but yields faded → risk-on demand + safe haven unwind.
UK, London
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