Volatile? Yes. But, the yield of the ten year treasury bond is only 2 bps above below the level seen at the end of the year.
Source: Bloomberg
Wednesday, March 31, 2010
For All the Recent Concern About the Treasury Sell-Off
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It is always amazing to sit back and watch this market in a macro sense; aggressive buying (by some) of equities (and other risk assets) yet bond yields are denoting severe risk aversion. The best of both worlds it seems, or something is wrong.
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