dChan - Q Origins Project Archive

2-year Treasury yield jumps to 4.75%, leads rates higher after Fed’s Barkin supports more hikes

The policy-sensitive 2-year Treasury yield jumped roughly 10 basis points to 4.75% after Richmond Fed President Tom Barkin said he would be willing to support more rate hikes until inflation slows further. The 2-year rate led a rise in yields across the curve Friday morning. Since Wednesday’s policy announcement by the Fed, which included projections for two more rate hikes by year-end, investors and traders had been brushing aside that guidance, with the expectation that policy makers would likely hike only once more this year.

https://www.marketwatch.com/story/2-year-treasury-yield-jumps-to-4-75-leads-rates-higher-after-feds-barkin-supports-more-hikes-7751b520

https://www.marketwatch.com/investing/bond/tmubmusd02y

If the FOMC really believed all the bullshit they spouted on Weds (no rate raise and predicted they would pause at June's mtg in here months ago) they would have just simply raised rates however they have to be seen as 'actively' watching (lagging data) and are already behind the fake inflation #s released earlier this week (FFR are above fake inflation) so although they talk a good game they are D-O-N-E and will have to declare 'victory'-even though it does not set rates..the bond market does it for them..Jerry and the FOMC are just delivery bois

The only reason the markets did not sky on Weds is that they left the flowery verbose language in the statement about future rate hikes