Over the past week the yield on the 10 year bond has gone up more than 30 basis points. As you can see from the chart below, this is actually a very unusual move.
Historically the 10 year yield falls when the US economic surprise index is this low!!!EconMatters
A Very Unusual Move in U.S. Treasury
Otterwood Capital Management
2 comments:
The Fed sure is getting a good deal for the taxpayers. .....
The back up in Treasury yields will run into resistance at some point as the steepening of the yield attracts profit seekers from carry on the forward yield curve.
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