The 10y & 30y are going up stupid fast today. Biggest % move I’ve seen in quite a long time.
An hour earlier, yields were much lower & still a really big move for one day
Will be interesting to see what the rest of the trading day does to these yields. There’s a whole lot of people who feel like this fall will be a time of major economic shakeups. Perhaps this bond market smoke signal is the start of a new trend, or perhaps these yields will be smacked down with many many billions of PPT fake monies.
Intervention tends to come very quickly, when it comes, so will be interesting to see how the day progresses.
Anybody actually wanting a 30y dollar bond at this point in the fiat death spiral ?