The entire Treasury curve is getting battered with 30Y +13bps, back above 3.00%. The belly is the most dramatic with 7Y yields up over 11bps - the biggest single-day surge in 7 months. 5Y yields are up over 9bps pushing back to the "wall" of resistance...
As Bunds get demolished...
[3]
10Y Bunds are up 20bps!!! the biggest percentage rise since Gross and Gundlach went to town...
[4]
So USTreasuries are following on the arb...
[5]
5Y yields are once again at the wall of resistance...
Charts: Bloomberg
