- Troubles in Portugal have sent the 10-year Treasury yield down to 2.5% - a six-week low even as jobless claims this morning dipped to their smallest level in about 7 years and the Fed begins a more serious discussion of an exit from ZIRP.
- The U.S. 5-year yield is off 4.5 basis points to 1.63%.
- The yield on Portuguese 10-year paper continues to rise, up another 11 basis points today to 3.91%, and a 2% decline across Europe has brought stocks there to a 2-month low.
- TLT +0.6%, TBT -1.3%
- ETFs: TBT, TLT, TMV, IEF, TBF, PST, EDV, TMF, TTT, ZROZ, TLH, SBND, IEI, TYO, DTYS, DLBS, VGLT, UST, UBT, VGIT, TLO, TBX, GSY, TENZ, SCHR, ITE, DTYL, LBND, TYD, TYBS, DLBL, TBZ, FIVZ, DFVL, DFVS, TYNS