Two-Year Treasury Yields Price a Yellen Style Refunding

Two-year Treasury yields moved sharply last week as markets began pricing a shift in how the U.S. Treasury funds maturing debt. James Stanley, StoneX Media Senior Market Analyst, breaks down five charts for the week ahead and explains what the move at the front of the Treasury curve is signaling. He works through why the two-year to 10-year curve inversion stopped working as a recession indicator, how convexity pulls demand toward longer maturities, why the Nasdaq has stopped making fresh highs while the S&P 500 holds a bull flag, and what keeps dollar yen crowded. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_james_stanley&utm_content=share 00:00 - Rate Hike Lands Without Panic 00:37 - Oil Softens and Stocks Breathe 02:40 – Two-Year Yields Move Hard 03:22 - Bessent Inherits Yellen's Can 05:07 - Convexity Drives Curve Demand 07:15 - S&P 500 Bull Flag Still Holds 10:09 - Nasdaq Leader Turns Laggard 13:38 - Dollar Yen Feels Like a Trap Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social #Treasuries #StoneX #JamesStanley #USDJPY