BMO FICC have this note out on the 32bps....>

US TSYS: BMO FICC have this note out on the 32bps rise in 10-Yr Tsy yields vs

Monday's intraday lows and whether it's an inflection point...they're skeptical:

"Over the past two decades, the largest single day increase in 10-year yields

(27 bp) was September 19, 2008... Four days after Lehman filed for bankruptcy,

and with hindsight, an awful moment to be selling Treasuries (to say nothing of

the comparable move in 30s in August 2011 ahead of a 104 bp rally). We note this

to emphasize that high volatility regimes drive large two-way price action,

regardless of the underlying trend, and one should be cautious not to

over-interpret any solitary day's move as indicating an inflection point..."