Friday, 01 July 2022 14:18

Bond Yields Are Puking...

Written by Zero Hedge
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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%)

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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