OOPS! US Yield Curve flattens dramatically this week after Fed’s Powell retired phrase of transitory

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OOPS! US Yield Curve flattens dramatically this week after Fed's Powell retired phrase of transitory inflation, signalling faster taper and more rate hikes in 2022, meaning big trouble for mkts. US 2y yields jump, 10y yields drop. On Fri, 2s/10s yld spread crashes by 8bps alone. h/t Holger Zschaepitz

OOPS! US Yield Curve flattens dramatically this week after Fed's Powell retired phrase of transitory

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