Bond Bloodbath: 10-Year Treasury Yield Spikes 13 Basis Points to 5.10% after Hot PMIs with Inflation Written All Over
They got spooked: 2-year Treasury yield +13 basis points to 4.90%, after yesterday’s auction. 7-year +14 basis points to 5.04%. 30-year hits 5.39%.
We haven't written up this one. Wolf Street has the full story — the link below goes straight to it.