10 Year Yield Jumps To New 2 Year High

Up 115bps in 3 months, the 10Y Treasury bond yield just broke above 2.7535% - a level not seen since August 2011. The 3.5% 'disorderly rotation' level remains the next 'target' but we can't help but notice the similarity to the Oct 2010 to Feb 2011 move...