Yield Curve Watch

Big drop in 2s UST yield, more than 10 bps. If it wasn't before, clock is now ticking on Fed rate hikes. Market isn't buying them anymore.

More to the point, whatever (deflation) has been inverting long ends of curves for months is drawing closer.https://t.co/NeKvTg5I1g pic.twitter.com/DLuwsKnO2x

— Jeffrey P. Snider (@JeffSnider_AIP) May 25, 2022