US Treasury Market Daily

Research evidence excerpt

US Treasury Market Daily

J P M O R G A N Global Markets Strategy

09 July 2026

Fixed Income Strategy

Jay Barry AC

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Jason Hunter AC

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• Front-end yields fell 4bp and the curve steepened, but underperformed their

DM peers, retracing yesterday’s global selloff even as tensions in the Strait of

Hormuz remained elevated

• The 30-year auction cleared 0.2bp rich to pre-auction levels, marking the third

through result in the mid-month supply process, which has continued smoothly