“I’m not at all surprised that the biggest move in the market is the 2-year and that the 10-year is essentially unchanged,” said Eric Souza, senior portfolio manager at SVB Asset Management. “ That makes complete sense as far as what the yield curve signals. The front half is Fed-related more so around the 2-year, and then the long end is more GDP growth, inflation, things like that. Today was definitely a Fed move from that perspective.”
This article was provided by Bloomberg News.