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Expand Rabo: Last Week's Volatility Is A Sign That Fed Tightening Could Be Over Before It Even Began by Tyler Durden Monday, Jun 21, 2021 - 08:41 AM By Michael Every of Rabobank Policy Error(s) and Zeitgeist Last week, or at least post the Fed-meeting, was wild. 2-year US Treasury yields spiked as 10 and 30-years tumbled (the latter to below 2%), dramatically flattening the curve; the dollar leaped; commodities and gold slumped; and equities just about held on. Even given the possibility the US long-end reflects the Fed buying more Treasuries than the Treasury is (currently) issuing, the overall...
