- Threatening to drop below 2% around Labor Day, the 10-year Treasury yield is up another six basis points today to 2.383%. This session's excuse for the selling was last night's passage of a $4T budget measure, seemingly paving the way for the Trump tax cuts.
- As sharp as the rise in yields has been over the past few weeks, the 10-year isn't yet threatening its 2017 high of nearly 2.60% (set in March).
- TLT -1.05%, TBT +2.1%