MarketWatch reported on January 18 that the bond market selloff, based on trades since January 1, is the worst start to a year in three or four decades, raising expectations for a sooner than anticipated end to the Federal Reserve’s Quantitative Easing program. The 2-year Treasury yield was up 30 basis points and the 10-year yield was up 34 basis points rising faster, for this time of the year, than any year since 1982 as investors briskly sell off Treasuries. With investors now anticipating a 50-basis point hike, the Fed might be using the “upcoming policy meeting to get ducks in a row for March liftoff.”
Treasury Yields Rise to Highest in 2 Years—Investors Rethinking Upcoming Fed Interest Rate Hike
Published on January 18, 2022