Bond Traders On Tenterhooks After Whipsaw Week As Fed Looms

US two-year yields have whipsawed at least 20 basis points a day for six straight sessions through Thursday.

Concern over global banking system and relief at central bank stabilization measures have kept investors on tenterhooks.

Market pricing for the Fed’s March 21-22 meeting has lurched between another quarter-point hike, and the first rate pause in more than a year.