Longer-term yields declining at a faster pace than short-term. Spread between the 10-YR & 2-YR is 4 BPS narrowing sharply. Jobs report this morning should impact current curve further today. twitter.com/Sentileon/stat…
$SPX 1st chart illustrates major indices
performance summary for Q122 about done, and the 2nd chart shows how the 2022 $SPX performance compares to the 26-Year averages by month. Clearly, significant progress has been made up in the month of March; now only down -3.08% YTD.
This first chart illustrates the 10-Day chng. in $SPX relative to the $VIX. Over the period, the $SPX has climbed a little over 8%, while the $VIX has fallen 32.3%. The 2nd chart illustrates the pace at which the 10-YR Treas. has climbed (+35 BPS), and up +77 BPS since 3/4/22.