Courtesy of Mish.
From mid-2012 until the beginning of 2014, US treasuries were in a steep decline (yield rising) in expectations of Fed rate hikes that never came.
2014 was a great year for treasury bulls, undoing the carnage of the previous year and then some. 30-year treasuries hit a record low yield.
So far, 2015 has been a bad year for the bulls.
Monthly Yield Curve 2005-2015
Charts courtesy of Curve Watchers Anonymous.
Daily Yield Curve 2015
click on any chart for sharper image
Yields generally bottomed in February, then rose to early-June highs, with the long end sporting a steeper slope as is typical.
Are Treasuries a Buy?
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