30Y US Treasury yields have retraced more than 50% of the Taper Tantrum and weak data this morning once again pressures yields to new lows. 10Y now trades 2.5009%, 30Y breaks to fresh 11-month lows at 3.31% as the yield curve is flattening notably once again. European peripheral bonds are having their worst day in a year (as we noted earlier [5]) and US and European equity markets are stumbling.
30Y at fresh 11 month lows and retraced ove 50% of Taper Tantrum losses...
[6]
As Europe's bond party blow up...
[7]
US equity markets are not happy - with the Dow now red on the week...
[8]