dChan
Anonymous ID: c052e1 March 8, 2020, 7:08 p.m. No.8353309   🗄️.is 🔗kun   >>3367 >>3574 >>3705

Treasury Yields Plunge to Record Lows With Entire Curve Below 1%

 

Treasury yields tumbled to record lows, with the entire curve below 1% for the first time in history, as an oil-price war worsened a virus-driven crisis in global markets. The latest leg of the blistering rally was fueled by an all-out price-war among the world’s largest producers. Risk assets tumbled with S&P futures dropping 5% to hit circuit breakers. The spread of the coronavirus and its fallout on supply chains and consumer spending have seen a dramatic repricing of global interest-rate expectations. The jolt lower in oil will add to downward pressure on inflation, where the Federal Reserve has already consistently struggled to meet its 2% target. Treasury 10-year yields dropped as much as 28 basis points to 0.48%, while the 30-year fell to 0.981% but come back to 0.996%. The 2-year yield also declined 18 basis points to 0.33%

https://www.bloomberg.com/news/articles/2020-03-09/treasury-10-year-yields-sink-to-0-5-for-the-first-time

https://www.marketwatch.com/investing/bond/tmubmusd30y

https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html

 

Current CME Fed Watch Futures indicate a cut of .50-.75% will be applied on March 18th. The bond market has spoken-the delivery boi needs to deliver it.