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Europe, Pacific See 10+ Basis Point Rise In Sovereign Yields (End Of Bond Super-bubble?)

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

Yesterday saw US Treasury 10 year yields rising around 20 basis points and the 10Y-2Y yield curve spiking to 116 basis points. Now it is Europe and the Pacific’s turn.

As of 7:42am EST, we are seeing 10+ basis point increases in 10-year European sovereign bond yields in most countries, most notably in Germany, France and Italy.

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In the Pacific, Australia and New Zealand are seeing what we saw yesterday in the Americas — 20+ basis point increases in 10-year sovereign yields.

Is this the end of the bond super-bubble? Or a momentary disturbance in The Force?

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OR could it be the video of Pop-tart Miley Cyrus crying over Hillary Clinton not being elected is causing the bond super-bubble to burst? OR could it be the realization that super-low interest rates are actually counter-productive?

We shall see. But as Trump-threatening actor Robert De Niro begins looking more and more like Obi-Wan Kenobi from the original Star Wars movie, it may just be a disturbance in the force. 

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