Treasury bond pandemonium
The long bond futures -- if you include the day session AND the after-hours session -- are now up 7 9/32 points in price. The cash 30-year bonds are up 8 31/32 points. The yield on the 10-year Treasury is down 33 basis points to 2.99%, while the yield on the 2-year Note is down just under 10 basis points to 0.96%. These are not typos. These are, however, the biggest price increases I have ever seen, and the lowest yields in the history of each bond maturity.
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