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From <a href=""Zero Hedge

Bond Yields Are Puking…

The 5Y Treasury yield is down 25bps this morning.

Read that again… 25bps!

The entire Treasury curve is re-rating lower as recession risks soar (Manufacturing surveys look ugly this morning)…

The 10Y yield has plunged below 3.00% – now testing 2.80%… (and 5Y yields are also at 2.80%)

Bonds are rallying from their cheapest level relative to stocks in 11 years…

And market expectations for Fed hikes are tumbling while subsequent rate-cut expectations are rising…

A very dramatic difference from The Fed’s Dot-Plot expectations…

Mr. Powell, you have a problem!

Tyler Durden
Fri, 07/01/2022 – 10:11
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