Morning Note | September 21, 2023 | FMY Hikes By 8%

Good Morning!

Markets are down for the third day in a row following Fed Day and the Fed's Hawkish pause.  Longer-dated yields are breaking through their multi-decade highs with the 10-yr hitting 4.48%, the highest in more than 15 years.  The 2-year yield hit 5.19% after the claims data came in.  Weekly jobless claims came in at 201K, down from 20K and mu…