"2-year Treasury yield 'acting like a meme stock' and swinging wildly as investors see the Fed making a mistake by not cutting interest rates, says John Hancock strategist"
* "The 2-year Treasury yield has been swinging sharply and "acting like a meme stock," a top strategist at John Hancock said on Tuesday.
* The inverted yield curve is telling the Fed it's making a mistake by not cutting interest rates, said strategist Emily Roland.
* The "Teflon" labor market is a bright spot in the US economy, but cracks are showing, she said.
The 2-year Treasury yield has been whipped around in similar fashion to meme stocks because investors lack clarity on how the Federal Reserve will move on interest rates this year, a top strategist at John Hancock Investment Management said Tuesday.
"There's nothing like a deeply inverted yield curve to tell you that you're making a mistake and that's exactly what's happening here. The bond market is all over the place," Emily Roland, co-chief investment strategist at John Hancock Investment Management, told Bloomberg TV during an interview.
"When the two-year Treasury yield is acting like a meme stock there's a lot of uncertainty here around Fed policy," she added.
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