It looks like nothing on the chart, but the 2-year yield po…
It looks like nothing on the chart, but the 2-year yield popped 40% today, 0.125% open with a high of0.176$, trading at about 0.154% right now. Why it matters: the Fed has discussed buying short-term bonds to keep yields low (YCC) but...
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what happens to the 10-year yield if they intervene? If it triggers a rise in long-bonds because the Fed is easing policy again, the stock market will decline, perhaps crash if the 10-year breaks out and runs.