- The global bond rout picks up steam this morning, with the 10-year Treasury yield up another 5.3 basis points to 2.441%, the 10-year Bund up 4.8 bps to 0.324%, and 10-year yields in Italy, Spain, and the U.K. higher by similar amounts.
- TLT -1.1%, TBT +2.2%
- Rolling around the minds of fixed-income investors is incoming Treasury Secretary Steven Mnuchin's consideration of locking in still-historically-low interest rates through the issuance of 50- or 100-year government bonds. At the pace rates are climbing, he better hurry.
- ETFs: AGG, BND, BOND, PTY, PDI, PCI, RCS, ACG, PCN, PKO, EVV, GIM, BNDX, DBL, BTZ, ERC, HTR, FAM, PPT, MMT, GDF, FTF, SCHZ, BWX, PCM, KMM