Keep one eye on Treasury yields. Five year yields are in danger of breaking the October lows and 10s and 30s aren’t far behind.
Yields on the day:
- 5s down 4bps to 1.34%
- 10s down 5 bps to 2.61%
- 30s down 4 bps to 3.86%
Yields elsewhere are also falling so there isn’t much of a competitive difference but the technical breakdown could spark a bigger drop.
