Treasury yields are breaking multi-year records as bondholders across the board sell their positions, and yields on 10-year U.S. notes climbed as high as 2.86% after taking in a 25.5 bps increase over the last week. This is the closest they have gotten to the last high reached in July/Aug 2011 when the Eurozone crisis was at its worst. Yields on 30 year U.S. notes are also as high as 3.87% today, as it seems more and more investors are convinced that the fateful Taper will materialize in the upcoming September meeting of Federal Reserve. Bond market spooked by Larry…
Bond Markets Are Spooked By Larry Summers And/Or Hilsenrath
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.