The 10-year Treasury yield is 4.182% on the delayed snapshot. The front end is firmer than the long end after the latest CPI. The move sits where the market is repricing inflation stickiness, not a growth story.
2s10s stays inverted. An inverted curve is not an instruction to buy or sell duration. It only forces the book to know whether it is expressing a rates view or merely holding whatever the last ticket left behind.
Treasuries are $0 online on the published schedule. Corporates and munis are a different page: that is where the dealer markup sits. This note is delayed and is not a solicitation.
What the desk is watching
- 10Y 4.182% on the snapshot
- Front end firmer than the long end
- 2s10s still inverted
- No duration instruction from the curve