30Y Yields Tops 3% As March Rate Hike Odds Spike Above 80%

An avalanche of hawkish Fed speakers appear to have got their way as March rate-hike odds have extended yesterday's move to 82% this morning. As stocks soar after a more presidential Trump, bond yields are also rising, catching up to stocks after diverging for two weeks.

From 24% to 82% in 3 weeks... did the economic data shift that much?

 

Umm no...

 

Stocks are soaring... bonds playing catch up for now.

 

But while bond yields are higher - 30Y above 3.00% - though the move is fading now...

 

2Y Yields are the highest since 2009. The yield curve has collapsed to its flattest since 2008...

 

That does not look like a market that is buying what The Fed is selling?!