2-year Treasury yield is swinging 'like a meme stock,' strategist says

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2-year Treasury yield is swinging 'like a meme stock,' strategist says
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The 2-year Treasury yield is 'acting like a meme stock' and swinging wildly as investors see the Fed making a mistake by not cutting interest rates, says John Hancock strategist

that have found favor with retail investors. But the 2-year yield — moving around 4% on Tuesday — has been on a roller coaster since early March. That yield is sensitive to expectations around Fed monetary policy.

Roland said the bond market is pricing in a May rate hike of 25 basis points, followed by three rate cuts totaling 75 basis points in 2023.

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