timevalueofbtc on Nostr: To give you a sense of just how differently the front end and long end of the yield ...
To give you a sense of just how differently the front end and long end of the yield curve are behaving.
2s are 13 bps ABOVE their levels from Thursday 3/2, six days ago.
10s are 10 bps BELOW their 3/2 levels.
Expectations are firm for higher policy rates, followed by lower rates. 2s trade with a 5 handle, yet 10s struggle to stay above 4%. It shows the unwillingness of investors to part with their Treasuries despite the higher discount rates.
This is typical late cycle fixed income market behavior.
2s are 13 bps ABOVE their levels from Thursday 3/2, six days ago.
10s are 10 bps BELOW their 3/2 levels.
Expectations are firm for higher policy rates, followed by lower rates. 2s trade with a 5 handle, yet 10s struggle to stay above 4%. It shows the unwillingness of investors to part with their Treasuries despite the higher discount rates.
This is typical late cycle fixed income market behavior.