Treasury Yields Spike Most In 2 Months; 10Y Closes In On 3%!

September 4, 2013 by mosesman

All eyes are on the 10yr yield because of the US$441 Trillion in interest rate financial derivatives! Spiking yields are causing these financial WMDs to blow up! It will collapse the entire financial system and monetary system!
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Treasury Yields Spike Most In 2 Months; 10Y Closes In On 3%!
by Tyler Durden, www.zerohedge.com
Whether it is growth hopes or Taper fears, good-news was bad-news for bond bulls this morning as better-than-expected ISM and construction spending data jarred bond yields from already rising levels to their biggest jump in two months. With the 30Y up 11bps and back over 3.8% and the 10Y pushing 10bps higher in yield to 2.89%, the line in the sand level of 3.00% grows ever closer. Equity markets are unsure of what to make of it but appear to have a bias to the downside on this good-news-is-bad-news data but gold, silver, and crude oil is rising.
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