30-Year Treasuries Are Having the Largest 3-day Drop In Yields Since April 2013May 15, 2014
Despite (or because of?) the taper and some better economic numbers coming out of the US today, treasury bond yields are down for the 3rd day in a row. If the 30-year closes at 3.33% today (the current yield), the 3-day percent change in yield will be the most negative in about 13 months. Needless to say, the bond and stock markets are telling two different stories about growth and inflation prospects.