And There’s That Stock/Treasuries Conundrum Again…

Theme of the year on full display again today.

Markets are all solidly higher, though a bit less than 1%.

And yet… Treasuries are virtually flat. Almost no increase in rates at all.

Here’s the intraday 10-year via Bloomberg.

chart

[credit provider=”Bloomberg” url=”http://www.bloomberg.com/apps/quote?ticker=USGG10YR:IND”]