The Funniest Hour Of The Past Week

As one trader put it, the funniest thing this week was “the one hour when the long bond cared about Standard and Poors.”

You can see the big yield spike on the 30-year Monday morning after the downgrade. After that, nada.

chart

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.