After an almost non-stop decompression in yields post-NFP, Treasuries are ripping today on the back of dismal economic data. After testing up to the 2.00% Maginot Line for 10Y, today's 6.8bps yield drop is the largest since mid-February. Taper or no Taper, bonds 'want' to reflect the real economy it seems... of course, as Treasury yields surge to the lows of the day so stocks - in their inimitable manner - are pushing to new all-time highs...
10Y yield dropped its most since Feb...
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as bonds appear to want to correct back to macro reality...
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Charts: Bloomberg