10Y yields seems to be range bound. Perhaps -50 to -60. Feels like that will be the range until we see more numbers. But certainly feels like there is more to go. An EU slow down is priced in to some extent but there are still geo-political head winds to face going into the Q4. The 5/10 seems a little more trend driven and certainly there is potential for more flattening. Will watch this carefully.
Trend Analysis

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