The Fed's Friday afternoon attempt to soothe tightening fears and tumbling overseas markets are...

|By:, SA News Editor

The Fed's Friday afternoon attempt to soothe tightening fears and tumbling overseas markets are not generating the usual bid for Treasurys which continue their declines, TLT -0.5% premarket and the 10-year Treasury yield gaining another 5 bps to 2.58%. The 5-year yield (IEI) is up another 6 bps to1.49% - a pretty big number if you believe ZIRP stays in place for another 2 years. The dollar remains, well-bid, UUP +0.3% premarket.