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Bonds Reclaim Limelight As Yields Hit Fresh Pandemic Highs
The Treasury selloff showed signs of wanting to extend on Tuesday, as bonds looked poised to reclaim the limelight ahead of Joe Biden's next fiscal unveil and (Good) Friday's all-important NFP report.
10-year US yields rose through 1.75%, triggering selling flows that helped push the 2s10s to the widest since 2015. "Breaks of key levels appear to have fueled stops outs of long positions," Bloomberg's Stephen Spratt said.
Ultimately, Treasurys ended off the lows, as 10s retraced and the long-e
