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 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