Posted by on February 24, 2017 3:56 pm
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Categories: Across the Curve Bond Economic bubbles economic policy Economy EuroDollar Financial markets Fixed income analysis Inflation money Reflation Yield

With net speculative positioning starting to unwind from its historically record short crowd, yields across the curve (and in Eurodollars) are starting to fall.

With 30Y back below 3.00% today, 10Y yields have broken below 2017 closing lows and are near intraday lows back to November.

It’s not just Treasuries, Bund yields collapsed today, accelerating lower into the close…

So much for the reflation trade…

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