Wednesday, July 31, 2013

Yields Acting Like They Expect a Taper

Looking at the yields of the 5, 10 and 30 year treasuries, they sure look like they expect a taper, but in fact, several of them have looked like they were preparing for a launch higher since late yesterday

 5 year yields popped this morning after GDP was released.

As did 10 year, but 10 year looks like there was a positive divergence at the lows.

30 year Yields popped as well so right across the duration, here too it looks like there was a significant positive divergence at the lows.

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