Bond Yields Tumble On Trump Tweet

Anxiety seems to be the word of the day in bond markets. While reports of North Korea moving its ICBMs managed to send 10Y Treasury yields 1bps lower, a Trump Tweet on building strategic forces in Japan and South Korea has sparked a solid bid in bonds, pushing 10Y back a 2.10% handle…

Traders – or algos – are increasingly knee-jerking on these headlines…

Next test looks like Payrolls spike lows. at 2.10%, as it’s clear just how jittery markets have become.