30Y Treasury Yield Tumbles Below 2.00%, Japanese Stocks Plunge

30Y Treasury Yield Tumbles Below 2.00%, Japanese Stocks Plunge

Short-dated Treasury yields are extending their rise from Friday’s bloodbath as the collapse of the long-end of the term structure accelerates in early Asia trading.

2Y is back above the Fed Funds rate…

Source: Bloomberg

and 30Y yields are back below 2.00%…

… for the first time since March…

Source: Bloomberg

10Y yields are at their lowest since early March…

Source: Bloomberg

And Japanese equity markets are none too happy with Powell’s policy error malarkey…

Source: Bloomberg

As Lance Roberts noted earlier, there have been ZERO times in history when the Fed started a rate hiking campaign that did not lead to a negative outcome. We suggest this time won’t be any different.

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