Bond Bagholders just never learn - this Secular Cult is doomed to extinction.
The two-year Treasury yield posted its biggest single-day jump since the market volatility of March 2020.
Of course, this was after Federal Reserve Chair Jerome Powell promoted the Policy Flip Flop that the Fed will raise rates in March, and left the screen porch door open for a quicker than-anticipated pace of rate increases.
The Dot Plot is wiggling in excitement.
IN reality, the FED will begin to Temper expectations.
It is what they do - Lie Cheat Steal / Delay.
10 Yr Yields have seen another fantastic ROC-driven Spike which advanced well ahead of the Pre-Spring Meltup in 2021.