CHART OF THE DAY: 2-Year Yield Up Another +8 bps Last Week

You know what happens to the price of “things” when Oil keeps inflating too.

While some parts of the uniquely American stock market don’t quite get this yet, both the FX and Global Bond Markets obviously get it. 

A. UST 2yr Yield ramped another +8 basis points (bps) higher last week to +22bps in the last month alone
B. UST 10yr Yield ramped another +8 basis points last week as well to +24bps in the last month alone