(Tyler Durden) While the week starts slow on the data front – if not in the widespread liquidation gripping all markets – things pick up fast in the next few days, and this week is squarely and firmly all about the FOMC meeting on Wednesday. We go into it with the 2yr US note up +25bps on Friday and another c.+15bps this morning, which briefly re-inverted the 2s10s curve, in some clearly dramatic moves.
