- “There is a strong feeling of déjà vu in markets right now,” says UBS's Jeff Greenberg, commenting on what's become an annual rite - a move up in interest rates as investors become convinced economic and geopolitical concerns are off the table. "The similarities in some markets are uncanny."
- After falling to nearly 1.50% at the lows in mid-February, the 10-year Treasury yield has shot up to 1.90%. Similar moves are evident in government bond markets overseas - Germany, for instance, has seen its 10-year Bund yield rise to 0.23% from 0.08%.
- Fans will be reminded of last year when the Bund yield shot all the way to 1% from 0.07% before a quick reversal.
- ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, VGLT, TLH, SBND, UBT, DLBS, TLO, LBND, VUSTX, TYBS, DLBL