Long-term Treasury yields march to new 2012 highs as retail sales (ex-auto) beat expectations and money continues to flow into equities. The 10-year and 30-year are both 5 bps higher to 2.08% and 3.22% respectively. The popular ultra-short Treasury ETF (TBT) - known in past years for its relentless slide lower - is +8.5% YTD.
Long-term Treasury yields march to new 2012 highs as retail sales (ex-auto) beat expectations...
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