Yield Curve Opportunities

This Piper Sandler report details indicative yields and spreads for various fixed-income asset classes as of February 6, 2026, comparing them to mid-January levels. The data shows a moderate increase in Treasury yields and details pricing for MBS, Agencies, and Corporate debt.

Key Takeaways

• 1.Treasury yields moved higher across the entire curve between January 16 and February 6, 2026, with the largest increases occurring in the 7-year and 10-year tenors (+11 bps).
• 2.Interest rate swap spreads to Treasuries remain deeply negative across the curve, reaching -63.77 bps for the 30-year maturity.
• 3.Indicative yields for A-Rated Financial Corporate bonds show a steady upward trajectory from 3.87% at 0.1 years average life to 4.95% at 9.0 years.

Table of Contents

• Yield Curve Opportunities
• Indicative Spreads
• Indicative Spread Comparison
• Disclosure

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