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Dramatic Rise For Yields

US TSYS
Dramatic rise in Tsy yields has been fast if not a smooth transition since the start of the year: 10YY 0.9132% Jan 1 to 1.4664% high this morning, 30YY 1.8347% on Jan 1 to 2.3226% high; net from this week's low: 10YY +.13884, 30YY +.20388/wk.
  • Yields pull back from 1Y highs, futures pare losses after mixed data: lower than expected weekly claims, stronger durables, softer GDP. Flurry of Fed speakers ahead and final leg of week's Treasury supply with $62B 7Y note.

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