The Dazed and Confused Debt Market: 10-Year Treasury Volatility Hits All-Time Low

via confoundedinterest:

Central banks including The Federal Reserve have numbed the Treasury market to the extent that it feels like it has been injected with a massive dose of Lidocaine.

10-year Treasury Note volatility (TYVIX) just hit an all-time low.

And the ten-year Treasury Note yield briefly flirted with 3% this morning before retreating back to under 3% again.

As you can see, The Fed has barely begun normalizing the 10-year yield.

Lidocaine! Fed-style!