$TLT TREASURY LIQUIDITY JUST BROKE 🔥

Morgan Stanley says the Treasury sell-off looks like forced unwinding in two-year notes, with traders abandoning Fed cut bets and pushing rate-hike pricing higher. Front-end liquidity has thinned sharply, bid-ask spreads are widening, and the move is being driven more by necessity than conviction while 10-year bonds stay relatively stable.

Not financial advice. Manage your risk.

#Macro #Bonds #Treasuries #Rates #Markets

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