20 days ago • Posted by Paul de La Baume
10-year Treasury #yields revisiting 2018 highs #stocks #markets #inflation #Fed
US 10-year yields are revisiting highs from late 2018, as money markets are pricing 75 basis points by the Fed's September decision, implying two 50 bps and one 75 bps rate hike, according to interest rate swaps tied to FOMC policy outcome dates. More worrying the US 2 and 10-year yields are close to inversion as the 2-year yield is close to 3.2% and 10 year is at 3.25%.
