After yesterdays FED meeting, would you not wxpect the 2yr. to be traing higher? It isn't, Gentleman Jay put his Hawk Face on and Mr. Market said, "No way Jay!!" The market is saying Transitory! "You will never acheive these rate hikes"!
Interstingly enough their next guest was an English guy, who crossed the "you can't say that on television" line. When questioned about Englands surprise rate increase he basicall said" Our inflation rate is 7.1%, and England never changed the way inflation is calculated, like we when America had an inflation problem. OUCH!! THE TRUTH HURTS!!
BUCKLE UP!!