30Y Treasury Yield Surges Back Above 3.00%, Bunds Flat

After some relief Friday, US treasuries are selling off once again this morning (but not being driven by Bund weakness). Yields are up 5-9bps across the complex with 30Y back over 3.00% again..

"Decoupled"

But the last week has been a wild ride for bonds...

As bonds roundtrip Friday's gains...

Charts: Bloomberg

Comments

[yogibear]

What's needed is a good old fashioned Argentina type run on the US dollar since there is no chance the debts will be paid back in dollars worth something.

[KnuckleDragger-X]

The CB's are going to start decoupling from each other as things get more unstable and if somebody like the Bundesbank does an SNB type float, the markets will go chaotic and the fun will start.....

[JustObserving]

With US debt and unfunded obligations per taxpayer well over $1,400,000 per taxpayer and rising at $70,000 per taxpayer per year, it will take a miracle for the US not to default on its 30 year bonds.

That 30 year US bonds only yield 3% despite their high default risk is the triumph of hope over experience:

Professor Laurence Kotlikoff Amerika is Bankrupt

https://www.youtube.com/watch?v=6p0pa4fdF6Q

[Dr. Engali]

Higher interest rates are good for eCONomic expansion. Just ask Liesman.

[fremannx]

The 10 yR is about to rocket into the stratosphere as well...

http://www.globaldeflationnews.com/10-year-u-s-treasury-index-yieldellio...