The five-year Treasury auction was super-strong yesterday at 1.720%. Less than 24-hours later those notes are at 1.773%.
There’s pain right across the curve with 10s up 7 bps to 2.53%. And around the globe with German 10s up 5 bps to 1.16% and UK 10s up 5 bps to 2.595%.
US 10 year yield
