FYI: A week after Treasuries mysteriously rallied in the wake of the Federal Reserve lifting its long-term interest-rate forecast, short sellers in the $16 trillion market have reason to celebrate.
The bond selloff deepened Thursday after data Wednesday on U.S. private-sector jobs bolstered the case for the Fed to keep raising rates into 2019, sending 10-year notes down the most in more than a year. Thirty-year Treasury yields pushed above the 3.25 percent level that fixed-income veteran Jeffrey Gundlach identified as a “game changer.
Regards,
Ted
https://www.fa-mag.com/news/bond-bears-popping-champagne-see-treasury-yields-even-higher-41185.html?print
