Anxiety seems to be the word of the day in bond markets. While reports of North Korea moving its ICBMs managed to send 10Y Treasury yields 1bps lower, a Trump Tweet on building strategic forces in Japan and South Korea has sparked a solid bid in bonds, pushing 10Y back a 2.10% handle…
Traders – or algos – are increasingly knee-jerking on these headlines…
Next test looks like Payrolls spike lows. at 2.10%, as it’s clear just how jittery markets have become.
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