US 2-year notes were absolutely blown out todayBetween CPI, Bullard and rumours of an emergency Fed rate hike, the front end of the US curve was absolutely mangled today.
There's been no let-up and we're at the highs of the day in yield, up a whopping 26.5 basis points to 1.613%. The chart has gone parabolic:
More over with 10s only up
Source: US 2-year notes were absolutely blown out today (https://www.forexlive.com/news/us-2-year-notes-were-absolutely-blown-out-today-20220210/)
forexlive.com