Despite yesterday’s somewhat lackluster response, treasury bond yields are breaking bad this morning with 5Y up 13bps from the Fed taper (and 10Y at 2.94%). But it is gold (and silver) prices that have been monkey-hammered with the former trading below $1200 briefly – its lowest in 6 months.
Gold is tapering…
and interest rates are displeased…
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/ApKwaqYRkUE/story01.htm Tyler Durden