- A series of strong economic reports (Q2 GDP, jobless claims, home sales) is failing to halt the decline in the 10-year Treasury yield, which slips another four basis points to 2.32%. The German 10-year Bund yield is lower by two basis points to 0.89%.
- At issue today is Ukraine's assertion the Russian military has invaded the country. "It's more overt now," says a senior NATO military officer, and NATO reports "well over" 1K Russian troops are inside Ukraine, with another 20K just across the border in Russia.
- TLT +0.75%, TBT -1.5%
- ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, SBND, TLH, DLBS, VGLT, UBT, TLO, TENZ, LBND, TYBS, DLBL