2 Year Treasury yields have jumped 4.5bps today, breaking to 77.4bps - the highest since April 2011 as it appears (despite the 30% odds of a rate hike priced into the ED curve) Fed jawboning is creating front-end selling (in the face of weak data). Notably this is the same level that 2Y rates traded at in Dec 2008 after the initial tumble post-Lehman.
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Charts: Bloomberg
But...
Forget 2s, 12 Month T-Bill going a bit vertical pic.twitter.com/w9GtBY14So [7]
— Not Jim Cramer (@Not_Jim_Cramer) September 15, 2015 [8]
