News
US 2Y yield touches 4.95% after hot CPI, then settles at 4.80%
US 2Y yield touches 4.95% after hot CPI, then settles at 4.80%
US close price up price down
Rates
- 4.80% US 2y, yield touched 4.95% intraday after hot CPI, settled near 4.80%
- 5.19% US 10y, yield eased about 2bp
Equities
- S&P 500, down more than 1% as hike bets rose
Tape
price up price down flat/unverified
Assets: US 2Y yields, US 10Y yields, S&P 500
FO view: The front end is carrying the inflation repricing while the long end held steady, a flattening signal worth watching into PPI.
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