Courtesy of ZeroHedge View original post here.
Yesterday's brief interruption in the demise of yield (driven by rate-locks due to the massive Alphabet issuance), has ended with Treasury yields erasing the entire move and then some.
Source: Bloomberg
Aside from the flash-crash spike lows on March 9th, this is the lowest 10Y yields have been ever…
Source: Bloomberg
And stocks refuse to pay attention…
Source: Bloomberg
Because "Vaccine" or "V-shaped recovery" or "Fed put" or "Washington put" or…
And as yields plunge, negative-yielding debt soars and sends alternative assets higher…
Source: Bloomberg
Trade accordingly.