Treasurys slammed; 10-year yield closes 2013 at new high

|By:, SA News Editor

A big move in a thin session takes the 10-year Treasury yield to its highest level of the year - up 6 basis points on the day to 3.03%. It's the highest yield since July 2011 after starting 2013 at 1.76% and falling to 1.61% in May before beginning a rapid rise.

The last time the bond market posted a negative return was 2009.

A check of the shorter end of the curve finds the Eurodollar market pricing in less than 100 basis points of Fed rate hikes between now and December 2015.

TLT -0.8%, TBT +1.5%

Treasury ETFs: TBT, TLT, TMV, SHY, IEF, TBF, PST, EDV, TTT, TMF, TLH, SBND, ZROZ, IEI, DLBS, TYO, DTYS, VGLT, UST, BIL, SHV, UBT, TBX, TLO, VGSH, VGIT, GSY, DTYL, LBND, SCHR, SCHO, TYD, ITE, DTUL, TYBS, TENZ, DTUS, SST, TBZ, TUZ, FIVZ, DFVL, DLBL, DFVS, TYNS