The Two-Year Yield Soars Back
by Eddy Elfenbein, Crossing Wall Street
Perhaps the big story of the investing year so far is that the consensus went from expecting several rate hikes this year, to expecting none, and now back to expecting some.
That’s probably best captured by looking at the two-year yield since the start of the year.
The Fed meets today and tomorrow. I don’t expect any hikes, but the odds for a June hike are about 50-50. A month ago, the odds were 2%.
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