10Y Treasury Yield Craters Back To A 1 Handle

It appears Janet Yellen’s confidence-inspiring testimony that juiced stocks was interpreted as a buying opportunity for bonds. US Treasury yields are now down 10bps on the week with 10Y yields back with a 1% handle

10Y hits 1% handle once again… after 8 days above it…

Click on picture to enlarge

It appears – judging by the long-end of the bond market – that the market thinks the Fed is about to make a big policy error…

And as 10Y broke 2% so stocks tumbled…

Charts: Bloomberg

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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