A post by @FirstSquawk on X.

US 2-year Treasury yields were on track for their largest single-day increase since April 2025, according to First Squawk. The move signals a sharp repricing of near-term rate expectations, with the front end of the curve bearing the brunt of the selloff. The scale of the jump matters because 2-year yields are highly sensitive to Federal Reserve policy bets, so the shift implies traders are rapidly recalibrating the expected path of rate cuts. Watch whether the move extends into the next session and whether it spills over into the 10-year and 30-year sectors, which would indicate a broader duration selloff rather than a front-end repricing.