I’ve updated all the treasury charts in this chart series through today’s action. But the one I find most interesting is the snapshot of the per cent rise in yields since the official announcement of the second round of quantitative easing (QE2).
Here’s a comparison of the yield curve at the time of the Fed’s QE2 announcement and the latest curve.
Are we seeing a flight from Treasuries to equities? Evidence of bond vigilantes? Or a bit of both?
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