10 Year Yield Plunges To 2.57% As Bond Market Goes Full Retard

Tyler Durden's picture

The surge in the 10 Year has just gone full retard. In the meantime, behind the scenes of Wall Street's rates desks there are some serious Tijuana donkey shows going on.

And here, courtesy of credit trader, is what an exponential move higher looks like. In this case, this is the 10s30s, which BofA recommended flattening last week. Coin flipping indeed.