Tuesday, August 3, 2010

10-yr UST 2.8996%, 2-yr UST (record low) 0.52%

Yields are collapsing. Check out Japan: JGB 10year yield below 1.0% first time in 7 years, 0.995% on the cards.

Asia has priced in risk with markets selling, any high yield/fixed income trading is going to get slaughtered on Europe/US opens.

Watch longs on big bank/institutional sells

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