Despite the ubiquitous BTFATH dip in stocks, Treasury yields continue to press higher from Rosengren’s earlier comments. Combining overnight concerns about China’s relative ‘tightening’ and Goldman’s views that Taper may be sooner than many expect (even if it is counter-balanced with more dovish forward-guidance), bonds seem less than amused at the prospect of slower flow sometime soon. 30Y yields are back over 3.75%, the highest in 3 weeks and jumping the most in 2 months.
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/NwgCJ0PpMDU/story01.htm Tyler Durden