Nomura IWM: Short-Ends on the Rise as Central Banks Confront Inflation | Chart of the Day | CIO's Office | June 10, 2026

Nomura IWM: Short-dated sovereign yields have repriced materially higher across the G3 (US, Eurozone, UK) this week, reflecting a convergence of resilient labour markets (at least in the US) and sticky inflation that is forcing central banks back into tightening territory. In the US, the 2-year Treasury yield has climbed to near 4.16% - its highest since February 2025 – after May’s nonfarm payrolls print of 172,000…