U.S Treasuries Are Crashing As The Dow Soars 1000 Points Off Lows
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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Turtles crash from time to time. They still remain turtles. As Marc Faber has said today on CNBC, yields can only go up so far. So did Rick Rieder, Edward Lambert, etc., etc..
If yields explode upward, our financial system will be in big trouble.