Oddbean new post about | logout
 Treasury market getting smoked today, specifically the longer durations

For context 10yr now reaching 2007 highs (in yield) as the bond market rout continues. This isn't to suggest an equity market crash will follow, but rather to highlight how large this bond selloff has become

The moves in yield these past few weeks has been driving real yield higher, that is the stated yield minus inflation

I've been expecting the curve to steepen, but certainly not driven by the long end rates climbing...

https://static.noagendasocial.com/media_attachments/files/111/127/428/567/290/417/original/b0bffc7e00c81ba8.png