Low today was 1.71%
US stock markets have been impressive today with a 25-point rebound in the S&P 500 as the buy-the-dips crowd wins once again.
Yet the bond market is not sending any of the same signals. Yields are 17 basis points lower than they were at the start of the year and in danger of falling to the lowest since early November if the 1.69%/1.70% lows break.
