by Mike ‘Mish’ Shedlock
Treasury yields continued a massive plunge today with new record lows. I sense a double rate cut by the Fed on March 18.
CME Fedwatch Odds
[…] If these yields hold the Fed will practically be forced to cut interest rates by 50 basis points on March 18.
As it stands a quarter point cut would leave the 10-year treasury yield inverted with the Effective Fed Funds Rate by 16.3 basis points.
What’s Happening Background