Apparently, bonds aren't quite done responding to escalation/de-escalation headlines for the day, and the latest examples are having the biggest impact.
ISRAELI CHANNEL 12: ONE-MONTH CEASEFIRE TO BE ANNOUNCED UNDER MECHANISM BEING DEVELOPED BY WITKOFF & KUSHNER
MBS are quickly back up to unchanged levels. Same story for 10yr yields, now unchanged at 4.346.
Apparently, bonds aren't quite done responding to escalation/de-escalation headlines for the day, and the latest examples are having the biggest impact.
ISRAELI CHANNEL 12: ONE-MONTH CEASEFIRE TO BE ANNOUNCED UNDER MECHANISM BEING DEVELOPED BY WITKOFF & KUSHNER
MBS are quickly back up to unchanged levels. Same story for 10yr yields, now unchanged at 4.346.