Big milestone for the selloff in US debt.
*DJ 10-Year Treasury Yield Rises Above 2% First Time Since April 2012
— DJ FX Trader (@djfxtrader) January 28, 2013
As the economy improves, and it becomes clear that the acute crises we were facing fade, the demand for safe-haven US Treasuries is dissipating.
Note that this happened on the same day as a German 1-year bond auction drew a positive yield fo the first time in ages.
All of the classic safe havens: Swiss Franc, Japanese Yen, German bonds, US bonds, are fading.