Courtesy of Mish.
Bond Rout in Pictures
German 10-year bonds hit a yield low of .048% on April 16. Since then it’s been a pretty steep uphill climb in yield (down in price).
Germany 10-Year Bond Yield
Spain 10-Year Bond Yield
Yield on the Spanish 10-year bond hit a preposterously low yield of 1.052% on March 11. It now sits at 2.136%, a rise of 108 basis points.
US 10-Year Bond Yield
Get Used to Higher Volatility
Bloomberg reports Draghi Says Volatility Here to Stay as Global Bond Rout Deepens.
With an insouciant turn of phrase, Mario Draghi whipped up a frenzy of selling in government bonds that left German securities on track for their worst two-day slump in the history of the euro era….
