Mr Toad’s ride over last 30 days has been a mini adventure for sure. Pontificating on the reasons would be folly imho … the data speaks for itself. The table at the end tells a story that too few people are talking about – think about the quantity of capital that was impacted by those moves … whew.
First, the longer duration visual (~6 months)
Second the limited duration visual (~30 days)
Third, the % change in the rates over those 30 days