We are again approaching a key spot in the 10 yr benchmark note. The yield at 3.49% is at the highest level since Dec 15th on a closing basis and just 3 bps from matching the highest since May ’10. The 30 yr bond yield at 4.64% is now at the highest since late April ’10. Also moving higher are shorter term rates, with the 2 yr note yield and 5 yr yield up 7-8 bps. I mentioned earlier today that short rates in the UK and Germany are rising to the highest since late ’09.
Watch yields here
Previous PostHow U.S. Income Groups Get Squeezed By Food Prices
What's been said:Discussions found on the web: