Bond Blood-Bath Continues – 5Y Yield Nears Key Technical Resistance
by Tyler Durden
ZeroHedge.com
11/09/2015
The carnage in Treasuries continues as this morning’s chatter from ‘sources’ about moar NIRP in Europe has seemingly sparked a sudden exodus from US bonds (even with stocks lower). Across the curve yields are up 4-5bps very suddenly – all testing (if not already broken) 2015 highs. Perhaps most critically for now is the 5Y yield which is surging towards 1.80% – a crucial level of resistance over the past few years.
The Rest…HERE
