The dive in commodities and selling in equities is generating a bid for Treasurys, the 10-year...
The dive in commodities and selling in equities is generating a bid for Treasurys, the 10-year yield falling 3 bps to a YTD low of 1.69%. The long bond yield falls 2 bps to 2.89%. After a big selloff to start 2013, TLT - up 0.35% premarket - is in the green for the year. Treasury bears - for now - are foiled again: TBT -1% premarket, -4.1% YTD.
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