SVB Collapse Sends Fed Rate Trajectory on Lower Path: In Charts

The macro backdrop has shifted aggressively amid the fallout from the collapse of Silicon Valley Bank.

(Bloomberg) — The macro backdrop has shifted aggressively amid the fallout from the collapse of Silicon Valley Bank.

Eurodollar futures move to once again price cuts for the second half of 2023:

US 2-year yields see their largest three-day slump since the Black Monday financial scare of 1987:

Breakevens on Friday quickly priced in a disinflation impulse from the regional banking crisis:

Bloomberg’s US Financial Conditions Index returns to restrictive territory:

–With assistance from Garfield Reynolds.

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