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Sizing Friday’s Move in 2-Year Yields

US TSYS

The well-documented worry surrounding the U.S. banking sector and softer than expected wage indicators within the February labour market report fuelled the largest move lower in 2-Year Tsy yields witnessed since the GFC (in net daily change terms) on Friday. The move also represented an acceleration in the pull away from cycle peaks after a failure to challenge the ’07 highs (5.1280%). Friday’s 28bp pull lower leaves the benchmark sitting 50bp off of cycle highs, which were only lodged on Wednesday of last week. Once again, the two-day move witnessed as of Friday’s close surpasses anything seen since the GFC.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageBond Market NewsBulletMarketsFixed Income Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageBond Market NewsBulletMarketsFixed Income Bullets

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