Analysis by Region - North America - US

Analysis by Region - North America - US

The front-end of the curve led a large rise in Treasury yields this past week as the banking sector finally found its footing. That led to an unwinding of a portion of this month's large bull steepening flows as traders pared Fed rate cut expectations. Equities were higher as well, with the steadying banking sector leading to a better tone for risk assets more generally. And the dollar was lower.