US 2Y YIELD PROBABLY WILL HAVE NEGATIVE YIELDS

TREASURIES ISSUANCES FRONTLOADED CONSTRAINTS THE FEDERAL RESERVE TO KEEP
YIELDS LOWER FOR LONGER IN THE SHORT DURATION MATURITIES, ANY SUDDEN INCREASE
IN SHORT DURATION MATURITIES YIELDS, AS THE REPO MARKET DISTRESS, OF COURSE WOULD SIGNAL RE EMERGING OF
LIQUIDITY DISTRESS AND MISMATCHES IN THE BANKING SYSTEM