Offline24h

UST yields eased overnight with 10Y down 4bp to 4.251% after peaking above 4.3%; 2s10s curve flattened marginally as 2Y held steady at ~3.59% while 30Y fell 5bp. Moves followed recent Beige Book noting modest growth rebound post-shutdown, with contained inflation but tariff cost pressures emerging; no fresh data prints yesterday. US HY CDS widened ~8bp to 273bp, IG stable.