Bond Yields Are Puking… | ZeroHedge
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!
