The rate on the 10 year has soared 18 basis points (up 8.26%) today alone to 2.38.
Rates have now soared by 40% since The Fed announced operation twist a little over a month ago and rates collapsed to 1.7%.
This is a massive paradigm shift as previous similar crisis have resulted in a massive rush into the perceived safety of US treasuries.
Has the world suddenly come to the realization that the entire solution is
QE TO INFINITY.......AND BEYOND!!!! ?
Today's collapse in t-bonds and coinciding massive rallies in gold and silver might just be looked back upon as the day that the biggest bubble of all time was finally pricked.
Got gold and silver??
CBOE Interest Rate 10-Year T-No
(Chicago Options: ^TNX )| Index Value: | 2.38 |
|---|---|
| Trade Time: | 2:02PM EDT |
| Change: |  0.18 (8.26%) |
| Prev Close: | 2.20 |
|---|---|
| Open: | 2.30 |
| Day's Range: | 2.27 - 2.38 |
| 52wk Range: | 1.70 - 3.74 |
