2-Year T-Note futures fall to contract low on Fed hike.
Dan Deming of KKM Financial analyzes interest rate markets following the Federal Reserve's decision to raise rates by 25 basis points. Deming explores the resulting volatility in the short end of the curve, noting that Dec 2-Year T-Note futures reached a new contract low of 101'29. He highlights the impact of expectations for additional rate hikes into early next year, which pushed the 2-Year yield to 4.73%—its highest level since June 2024. Additionally, Deming breaks down the flattening yield curve, observing that while the 20-Year and 30-Year yields remain largely flat, the 10-Year yield climbed above 5.00%.
Dan Deming of KKM Financial analyzes interest rate markets following the Federal Reserve's decision to raise rates by 25 basis points. Deming explores the resulting volatility in the short end of the curve, noting that Dec 2-Year T-Note futures reached a new contract low of 101'29. 73%—its highest level since June 2024. 00%.