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The 10-year Treasury yield looks like it wants to test 2% after the blowout durable goods...

  • Monday, January 28, 8:46 AM ET
    The 10-year Treasury yield looks like it wants to test 2% after the blowout durable goods print, which about tripled expectations. More strong numbers: Unfilled orders rose 0.8% and inventories fell just a hair, but broke a string of 14 consecutive increases. The 10-year +6 bps to 1.99%. TLT -0.7% premarket. S&P 500 futures +0.2%.
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This news story has 4 comments:

  •  
    Hit a yield high of 2.379 on March 19, 2012, the last market peak, after a 2-3 session hyperbolic climb from 2% level. Watch out though, declines from the local peaks can be as steep as the ascents...'tis the market.
    28 Jan, 04:13 PM Reply Like
  •  
    That was right near the end of the ECB's LTRO. It was basically a QE effect.
    28 Jan, 04:51 PM Reply Like
  •  
    Using the LTRO 2 money to short Treasuries didn't exactly play out. Vigilante this time, anyone?
    28 Jan, 05:07 PM Reply Like
  •  
    If credit markets for public debt were not so grossly perverted by the FED, Treasuries would be trading at junk yields
    28 Jan, 05:56 PM Reply Like
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