Right now on fast, the massive move in yields of 30 are dropping over 20 basis points

just today, following more than three quarters of a percent since late October. Similar drops

in the 10 years, well, what's all this mean for fixed income in the markets? Plus, Washington

weighs into the collapse of FTX. We'll take you inside the Senate hearing. For the head

of the CFTC said we need to act and act fast before another blow up happens. And later

a royal surge for Netflix has stopped jumping nearly 4 percent as the streamer released

a trailer for its upcoming docuseries with Prince Harry and Meghan Markle. One of our

traders says this is one good looking chart. I'm Melissa Lee. This is FastWonnie. We're

live at the Nasak Market Sidentime Square full house tonight here on the desk. Tim Seymour,

Karen Feinmann, Courtney Garcia, and Bano and Ison. We start off with the epic move in interest

rates yields on 30 year treasuries dropping by more than 20 basis points today hitting their

lowest level in more than two months. Rates are down a whopping 80 bips from their highs of late

October. The declines across the yield curve coming as the markets continue to digest

fed share Jerome Powell's dovish comments from yesterday. But as a magnitude of this move

justified, what is this really telling us, Tim? It's telling us that the economy is probably

already pricing in a significant downshift and that at some point Bonyls have to come lower.

And that looking at the Fed futures curve, which folks you can do at home, you can actually

bring them up and you can see that the terminal rate for where people expected the Fed to max out

was going to be out in July, maybe early August, but around 505 just three or four days ago.

That's come all the way into May. When you look at where the curve is gone, you can actually see

that there's 40 basis points of Fed easing as you get from the middle part of May to the end of

the year in December. So the market is, I think, imputing that the Fed is pushing too hard.

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