02 May '23 at 11:50 am #57793
In the Treasury market, the nervousness about the debt ceiling issue, an economic slowdown, and the behavior of the bank stocks has fueled buying interest in most tenors.
The 2-yr note yield is down 16 basis points to 3.96% and the 10-yr note yield is down 13 basis points to 3.43%.
The 3-month T-bill yield, however, is up 13 basis points to 5.15% in direct response to Secretary Yellen’s warning.
CBOE Volatility Index surged 15.3%, or 2.46, to 18.44.