Yep, The 10-Year Fell Off The Cliff

Yesterday we asked whether 10-year bonds would be the next to fall off the cliff, as rates were suddenly moving sideways and poking through a clear downtrend.

Well, the answer looks like yes. At least for now. Yields are up to 2.67%. The 30-year yields is now above 4.02%, a level not seen since August.

Here’s a look at 10-year bond futures.

chart

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