Coming Soon: Devastating Yield Eruption In Treasury Market

The Treasury yield eruption so many have feared looks likely to come soon. The concern is that other markets aren’t prepared for the sort of sustained and substantial sell-off in Treasuries that hasn’t been since for decades.

Much of the latest move that sent 10s above 3% has been seen as driven by technicals after being initially triggered by a jump in European yields.

 

https://www.zerohedge.com/news/2018-05-17/trader-devastating-treasury-yield-eruption-so-many-have-feared-looks-likely-come

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.