The entire bond complex has come under pressure here with 2Y through 30Y all seeing yields jerk lower. 10Y and 30Y yields are back at the flash-crash Bullard Lows of Oct 16th… as yet another squeeze of record Treasury Shorts blows the minds of every talking head on CNBC…
From the close of the day when Jim Bullard saved the world!!!
explained by this.. .the asset class that stumped everyone in 2014: Treasurys.
10-yr T-notes
Large speculators strongly increased their net short position to -$16.3bn from -$7.5bn notional.
Bearish. The Dec-01 Outside Bar and impulsive break of 2.227% points to
further gains to 2.404% and beyond. Below 2.227% indicates stalling;
bulls gain control below 2.150%
Actually, not “bearish” but “short coveringish”…
Charts: Bloomberg
via Zero Hedge http://ift.tt/1zZ6iQV Tyler Durden