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Treasury yields continue to climb following the hawkish interpretation of Bernanke and FOMC...

Treasury yields continue to climb following the hawkish interpretation of Bernanke and FOMC minutes, the 10-year up 9 bps to 2.02% and within 6 bps of the YTD high of 2.08%. Yields will fluctuate at the long end, but the middle is moving as well, the 5-year up 7 bps to 0.89% - quite a spike for an instrument yielding so little. The IEI - which owns 3-7 year Treasury paper slides 0.3% to just about a 52-week low. The long-term TLT falls 1.4%.
Comments (6)
  • Storm Warning
    , contributor
    Comments (156) | Send Message
     
    And look at the stocks selling off, too, SPY down more than -1%.
    Is this proof the end of QE will hurt stocks as much as bonds?
    22 May 2013, 03:29 PM Reply Like
  • Hendershott
    , contributor
    Comments (1583) | Send Message
     
    Markets don't ordinarily move a lot on things everyone knows about.
    22 May 2013, 03:34 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Watch tests of the Treasury futures price floors...not there yet, still within the trading ranges on 10 and 30yr.
    22 May 2013, 04:07 PM Reply Like
  • Teutonic Knight
    , contributor
    Comments (2061) | Send Message
     
    It seems that almost everything is coming down, Treasuries, Gov't Mortgage Bonds, GNMA, Emerging Market Equities, Overseas Equities, Gold, Silver, Gold and Silver miners, energies, commodities, mREIT's, and even MLP's...

     

    Oh my gosh, what is happening?
    22 May 2013, 05:27 PM Reply Like
  • phdinsuntanning
    , contributor
    Comments (1242) | Send Message
     
    the ball is in Japanese field now: the sale of the JGBs will be epic and may create a mega bubble, producing a currency hara-kiri that may make them to invest their capital even in the Antarctic. These fed speeches is just to make time for Japan to deliver.
    22 May 2013, 06:22 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4352) | Send Message
     
    The U.S. Debt Is Coming Due - Profit With A TMF Short: http://seekingalpha.co...
    22 May 2013, 06:39 PM Reply Like
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