The bond market isn’t waiting for a clear signal on the taper

US 30-year bond yields are a fraction away from the highest since July 2011 and close the psychological 4% level.

Ten-year yields aren’t yet showing the same level of commitment but today’s break above the previous November high of 2.79% points to a retest of the September high of 3.005%.

US 10 year yields Nov 21

US 10 year yields

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