Now that the Fed no longer has its thumb on the scaleThe talk about 50 basis points from Fed chairman Jerome Powell along with the 7% jump in oil prices absolutely crushed bonds today, in what had started as a fairly quiet day.
Here's a look a the wreckage:
2s +18 bps to 2.13%
5s +19.5 bps to 2.33%
10s +17 bps to 2.32%
30s +13 bps to
Source: Now that the Fed no longer has its thumb on the scale (https://www.forexlive.com/news/now-that-the-fed-no-longer-has-its-thumb-on-the-scale-20220321/)
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