/biz/ - Business & Finance

Honestly bros, look at 10s2s and tell me you see a fed pivot? 2 year yield (mostly based on fed policy) is only down 37bps from its high. 10 year yield (based on market expectations/sentiment, not fed policy) on the other hand is down almost 78bps.

This doesn't look like the bond market is pricing in a pivot and return to QE and easy money in the near-mid term. It looks like it's pricing in Fed policy rate to stay around 400bps for a while and crash the economy -- hence causing a flight to safety on the 10 year.

I think equity pivot bros have been had.