{"id":47207,"date":"2025-09-06T11:33:10","date_gmt":"2025-09-06T11:33:10","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/47207\/"},"modified":"2025-09-06T11:33:10","modified_gmt":"2025-09-06T11:33:10","slug":"us-2-year-yields-down-10-basis-points-to-lowest-since-liberation-day","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/47207\/","title":{"rendered":"US 2-year yields down 10 basis points to lowest since Liberation Day"},"content":{"rendered":"<p data-v-4026719d=\"\">The best look at how the market is repricing the Fed curve is in two-year yields and it&#8217;s a clear picture here. They&#8217;re down 10 basis points today to the lowest since the Liberation Day spike. Beyond that you need to go all the way back to 2022 for lower yields.<\/p>\n<p data-v-4026719d=\"\">At that time, the market wasn&#8217;t sure whether Trump&#8217;s tariffs would be bad for growth or spike inflation (or both). Now we&#8217;re getting indications that the growth and jobs picture is getting hit first, which is going to prompt deep rate cuts from the Fed. For the year ahead, we&#8217;re now pricing in 136 bps in easing, which would get Fed funds close to 3%.<\/p>\n<p data-v-4026719d=\"\">The nightmare scenario is that the inflation from tariffs comes later and the Fed can&#8217;t cut. That&#8217;s going to make future inflation readings critical.<\/p>\n","protected":false},"excerpt":{"rendered":"The best look at how the market is repricing the Fed curve is in two-year yields and it&#8217;s&hellip;\n","protected":false},"author":2,"featured_media":47208,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[79,18,19,17,188],"class_list":{"0":"post-47207","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-eire","10":"tag-ie","11":"tag-ireland","12":"tag-markets"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/47207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=47207"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/47207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/47208"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=47207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=47207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=47207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}