Courtesy of Mish.
Records Made to Be Broken
US Treasury bears are taking it on the chin again today. The long end of the curve staged another big rally.
Yields on long term bonds are approaching record lows.
Recovery Increasingly in Question
- The 30-year long bond is just 21 basis points from the low set in January of 2015.
- The 10-year note is just 20 basis points from the low set in July of 2012.
Warning to Treasury Bears
Treasury Bears Be Warned: Recovery Increasingly in Question. 30-Year Long Bond Just 21 Basis Points From All-Time Low.
— Mike Shedlock (@MishGEA) June 11, 2016
Rate Hike Odds Collapse Again
It’s beyond ridiculous to consider rate hikes for June. June hike odds have fallen to 2%.



