There is chatter about big black box sales of T-note futures at the CME open. It spread from there and cash 10-year yields are 6.5 basis points higher to 2.69%.
Maybe tapering isn’t such a bad idea after all. Last week’s 10-year auction sold at a yield of 2.62% so there are some bondholders having second thoughts and it’s a similar story across the curve.
It starts to get very interesting if 10s can take another run at 2.75%
