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CNBC's "Fast Money"

What We’re Seeing in the 2-Year Treasury Moves

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.91.3K Ratings

🗓️ 29 October 2021

⏱️ 22 minutes

🧾️ Download transcript

Summary

Short-term Treasuries have been on a tear in recent weeks and the yield curve is flatter than it’s been all year. How the traders are dissecting those moves and what it means for your money. Plus the Meta rebrand is about more than Facebook. A couple metaverse cryptos are getting a big boost today. Brian Kelly breaks down what’s behind the moves. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

Live in the Nasdaq market site overlooking New York City's Times Square.

0:02.9

This is Fast Money.

0:04.0

I'm Melissa Lee.

0:04.6

Tonight's Trader Line up.

0:05.4

Tim Seymour, Steve Graslow, Brian Kelly, and Pete Najarian, co-founder of Mark of Rebellion.com.

0:09.9

Tonight on Fast, we are at the halfway mark for Q3Earning season.

0:13.4

And there is a slew big name still on decked reports.

0:15.6

So in the spirit of Halloween, we are bringing you the trades on these socks

0:19.5

and a trick-or-treat themed version of everybody's favorite game.

0:23.4

Plus, crypto goes meta.

0:24.8

It's not all about Bitcoin and Ethereum.

0:26.8

The alt point is getting a boost thanks to Mark Zuckerberg's big rebranded later.

0:31.4

So bad.

0:32.2

It is good.

0:32.9

The healthcare stock that might just be the medicine you need to add to your portfolio.

0:37.3

But we start off with a Rorschach test of sorts for investors.

0:41.1

The yield on the two-year treasury at its highest level since March of 2020.

0:44.9

It is up a whopping 30 basis points in September.

0:48.2

And that's at the spread between two and three 30-year treasuries to its lowest level of the year.

0:52.8

But like any good ink plot, none everyone will see the same thing in these charts.

0:56.4

So we want to peer into the trader's soul tonight, Tim.

0:59.9

What does this move tell you?

...

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