Massive swings in the treasuries market. 2Y 3 day swing largest since Black Monday of 1987. high yield credit spreads are widening rapidly right now.

by laflammaster

The two-year Treasury yield is on track for its biggest three-day decline since **October 1987**– according to Dow Jones Market Data pic.twitter.com/ST2VmbOp5K
— Gunjan Banerji (@GunjanJS) March 13, 2023

The Fed pivot is back https://t.co/XFPXNhZL9E
— Gunjan Banerji (@GunjanJS) March 13, 2023

If the CDX index is a guide, high yield credit spreads are widening rapidly right now. pic.twitter.com/aduZiBVQFn
— Skanda Amarnath (@IrvingSwisher) March 13, 2023

This week, three banks failed:
– Silvergate, $SI
– Silicon Valley Bank, $SIVB
– Signature Bank, $SBNY
Will there be more?
— unusual_whales (@unusual_whales) March 13, 2023

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