Two weeks ago, I wrote that the front-end of the interest rates curve was in serious trouble – given that policymakers were keenly aware of their deficiency in handling any selloff; more so than any point I could recall in my two+ decades of Treasury trading.Today, we’ve just witnessed what qualifies as easily the largest 2wk move in the front-end of the Treasury market in 10+ years. So what happened, exactly?
5 Things Every Trader Needs to Know About Rates
From what’s priced in to curve inversion to term premium. Here are the 5 things every trader needs to know about the rates market…