30Y Treasury Yield Tumbles Under 3.5% - Lowest In 9 Months

Tyler Durden's picture

The short-end of the Treasury curve continues to reprice higher in yield (3Y +2bps) as the term structure bear-flattens with 30Y yields rallying further after the aggressive 7Y auction. 30Y yields just broke below 3.5% (-4.5bps) - the lowest level intraday since early July 2013. 2s10s are now at 2.21% - near 10-month lows - and 5s30s has plunged to 1.80% - its flattest since September 2009.

 

 

Curves are flattening rapidly...

 

and German bunds are the richest (lowest in yield) relative to Treasuries since the crisis...

 

Chart: Bloomberg