Tuesday, January 9, 2018

10Y Treasury Yields Breakout To 10-Month Highs, Curve Steepens Most Since Election

Perhaps in a mini-tantrum reaction to Japan"s "taper" overnight, which steepened the JGB curve notably...



 



http://www.thefringenews.com/wp-content/uploads/2018/01/www.zerohedge.com20180109_10Y3-bd6006c6f89dfc3ed22f202636cd0b292581d49a.png



 



US Treasury yields are breaking out higher today with 10Y Yields solidly above the 2.50% "Maginot Line" for the first time since March 2017.



http://www.thefringenews.com/wp-content/uploads/2018/01/www.zerohedge.com20180109_10Y-977bebd0ec5d7e1ba742f0623f9a569c1aa125bd.png



The 2s30s yield curve is spiking today - the most since the Nov 2016 election (+6bps to 91bps)



 



http://www.thefringenews.com/wp-content/uploads/2018/01/www.zerohedge.com20180109_10Y2-d6896caf252c5b8ff6d96f05ca12e7dc1166ea85.png



The long-end is leading the way higher in yields and steeper in the curve in 2018...



http://www.thefringenews.com/wp-content/uploads/2018/01/www.zerohedge.com20180109_10Y1-83c23316981264a9e0a79ca1f08026139d374c0e.png



The selling pressure is notable, especially considering just how net short Treasuries everyone already is...



http://www.thefringenews.com/wp-content/uploads/2018/01/www.zerohedge.com20180108_BE5-ce9f20869a550762a6cd8d2fe6bfde3e5d332f87.png

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