Reply To: Traders Market Weekly: The Fed’s Fight Against Inflation


Even energy (-2.4%) has been confined to negative territory, causing the sector to turn negative for the week (-1.7%).
Crude oil is down $2.12, or 1.7%, at $119.39/bbl, backpedaling from a three-month high that was set on Wednesday.

Treasuries have been sliding throughout the day with the 2-yr note pacing the selling. As a result, the 2-yr yield has climbed above the 3.00% mark (+21 bps) while the 10-yr yield is up 13 bps at 3.17%, rising past its May high.