Markets had anticipated rising US yields for the foreseeable future, especially with QE2 scheduled to come to a close later this spring. No so fast, Kemosabe…
We’re tripping stops below the 3.50% yield level now, prompting a major bond price rally. US 10s are down 10 bp on the day.
US share prices are weakening again and the USD, JPY and CHF are firming…looks like another round of risk aversion as Khadafy digs in… He says he will impose security tomorrow and calls on supporters to take to the street Wednesday.
