Bond Traders Wait for Calm to Shatter With Fed ‘Breaking Stuff’

Fed officials heading into their pre-meeting blackout period
Key data on the docket includes Fed’s favored inflation gauge

Michelle Girard, NatWest Markets CEO of NatWest Market Securities talks her predictions for interest rates and their affect on the markets. She speaks with Tom Keene and Lisa Abramowicz on “Bloomberg Surveillance”.Source: Bloomberg

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By Liz Capo McCormick and Michael MacKenzie

April 22, 2023 at 8:00 PM UTC

This article is for subscribers only.

Bond traders are taking little solace in the market’s recent calm for a simple reason: It’s not likely to last.

Two-year US Treasury yields, some of the most sensitive to expected changes in interest-rates, held in a relatively narrow range during the past week’s trading sessions, marking a reprieve from the volatility that erupted after Silicon Valley Bank’s collapse set off fears of a banking crisis.