Following Trump comments on The Fed, rates, and currency manipulation and headlines about The BoJ shifting its policy, global bond markets hiccupped to the downside and yield curves steepened aggressively.
JGBs led the plunge...but Bunds and USTs followed.
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US Treasury yields are spiking (especially the long-end)...
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Steepening the yield curve aggressively. This is the biggest single-day steepening in the 2s30s curve since early February's crash.
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All of which is interesting given that bond speculators are already at record shorts...
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