The US Treasury yield curve is steepening at the fastest rate 2008. 2s30s has exploded 16bps as the long-end of the US Treasury curve crashes higher in yields as US equities are aggressively bid, back to overnight highs.
The Dow is now up over 1000 points off overnight lows...
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And bonds are crashing...
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Sending 30Y yields to January highs...
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as the yield curve steepens most since 2008...
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