US rates review: Westpac

Quotes from Westpac Research:

- Following the US data, US 10yr treasury yields bounced off a three-week low of 1.93% to reach 2.01% (current level). 

- The 2yr yield similarly rose from 0.59% to 0.65%. Inflation-linked treasuries performed well, the 10yr break-even inflation rate rising to 1.80% - a three-month high.