The 2-Year Treasury yield spiked 16 bps today to end the day at 4.21%.
The bond market is now pricing in 2 rate hikes this year.
At the start of the year it was pricing in 2 rate cuts.
The 2-Year Treasury yield rose 16 basis points to 4.21%, reflecting a significant shift in market expectations from 2 rate cuts at the start of the year to now pricing in 2 rate hikes.
关键要点
2-Year Treasury yield jumped 16 bps to 4.21%
Bond market now expects 2 rate hikes in the current year
Market sentiment shifted dramatically from expecting 2 rate cuts at year start