Yields on 6-month T-bills have returned to where they were before Silicon Valley Bank’s demise. This makes sense, since traders are currently pricing in a 74% chance of the Fed hiking rates by 25bp on May 3. The problem is that things are changing rapidly under the surface:
Translated from 英文 by
6 個月期國庫券的收益率已恢復到矽谷銀行倒閉之前的水平。這是有道理的，因為交易員目前預計美聯儲在 5 月 3 日加息 25 個基點的可能性為 74%。問題是表面下的情況正在迅速變化：
