Sharp midday drop in Treasury yields


Stocks are only down moderately - the S&P 500 (SPY -0.5%) - but Treasurys are trading as if something bad is on the way, with the 10-year yield diving a full ten basis points over the past couple of hours and now yielding 2.66%.

A credit bust-up or economic slowdown in China always makes for a good excuse and it's notable that the fall in yield came alongside about a $0.04 decline in copper to a new 4-year low of $2.93 per pound.

TLT +1%, TBT -1.9%.

Related ETFs: TBT, TLT, TMV, TBF, EDV, TTT, TMF, SBND, ZROZ, TLH, DLBS, VGLT, UBT, TLO, LBND, TENZ, TYBS, DLBL

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Comments (1)
  • Marek
    , contributor
    Comments (1516) | Send Message
     
    Ukraine, and plus china warning about a wave of debt defaults, i.e., not going to do what we do here and prop up wall streets and government loan excess shenanigans. That is, IF it is to do with events at all.
    14 Mar 2014, 12:55 AM Reply Like
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