The 10→5→2 year curve is what you’d expect; it is dropping with nominal yields rising on GDP surprise day.
The 10→5→2 year curve is what you’d expect; it is dropping with nominal yields rising on GDP surprise day. The implication is risk ‘ON’ and clear sailing as far as the eye can see. See that Janet? What could go wrong with a little rate hike chatter today? Have confidence in a job well done!
10, 5 & 2 year yields from Bloomberg
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