Bond Yields Are Crashing
With net speculative positioning starting to unwind from its historically record short crowd, yields across the curve (and in Eurodollars) are starting to fall.
With 30Y back below 3.00% today, 10Y yields have broken below 2017 closing lows and are near intraday lows back to November.
So much for the reflation trade...
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And to think, anyone could have foreseen (and bought) this story some time ago... www.talkmarkets.com/.../about-that-treasury-bond-play-msm-dupes-em-again
Tantrums come and go. Hopefully pension funds and insurance companies picked up some slightly higher yields from this one.