2-Year Yields Highest Since 2009 While German Yields Argue With Soaring Inflation

One thing you might want to note is that 2Y yields hit their highest level (intraday) since 2009 on Wednesday. As Bloomberg writes, "the two-year yield climbed as much as 4.4 basis points to 1.304 percent, reaching the highest on an intraday basis since 2009, after eclipsing its 2016 high of 1.30 percent." Yields hit 1.30 in December after the Fed raised median FF forecasts. Meanwhile, recall that Schatz recently plumbed new (negative) lows on safe haven flows tied to the French elections. T