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The bond market simply isn't buying it
Treasury yields tried to move up today but cracked back lower. That's left:
- 2s -8.3 bps to 4.16%
- 10s +2 bps to 3.71%
- 30s +2.7 bps to 3.52%
The first thing to note is the inversion of the yield curve, which is still at 69 bps despite today's bull flattening. The second thing to note is the rally in 2s and the rate of 4.16%. That's well below the Fed's current rate of 4.375% and well below the +5% terminal rate the FOMC forecast in the dots.
In shor... Read More
Posted: Dec 16 2022, 19:22
Author Name: forexlive
Views: 110646
