Fed Reset Doesn’t Mean Inflation Fight Is Over Yet: John Authers

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History Rhymes

Here is my superlative collection for March 13:

• The biggest one-day slump for the 2-year Treasury yield (61 basis points) since 1982; the fall during the Black Monday crash of 1987 was 59 basis points;

• The biggest one-day drop in the 2-year German bund yield (41 basis points) since Bloomberg’s data started in 1990;

• The biggest one-day decline in the 2-year Japanese Government Bond yield (20 basis points at one point) since the Bank of Japan introduced yield curve control in 2016;

• The sharpest steepening in the US 2-year/10-year ...