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.
Related Posts:We truly are under attack. We need user support now more than ever! For as little as $10, you can support the IWB directly – and it only takes a minute. Thank you. 614 views