2-year Bond Yield Rebounds after Biggest 3-day Drop, CPI is Coming
@Tiger_chat:
Investors swarmed into U.S government bonds Monday after the collapse of Silicon Valley Bank and subsequent government backstop of the banking system. The rush sent Treasury yields tumbling.1. The largest three-day decline since Oct. 22, 1987The yield on the 2-year Treasury $US2Y(US2Y.BOND)$ was last trading at 4.03%, down 12.16% on Monday trading, marking the largest three-day decline since Oct. 22, 1987.That move followed the Oct. 19, 1987 stock market crash — known as “Black Monday” in which the S&P 500 plunged 20% for its worst one-day drop. The move was bigger than the 2-year yield slide of 63 basis points that took place in three days following the 9/11 attacks.The yield on the