The Bond Market Selloff

The long-end of the bond market is experiencing one of its most dramatic selloffs in years. One measure that technicians use is called RSI. For the 10-year, the RSI flashed its highest reading since 1990.

It’s hard to show graphically just how steep this selloff has been. I gave it a shot with this oddly colorful chart below.

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From the bottom, the four lines are the five-, ten-, 20- and 30-year US Treasury yields. Note the pronounced upticks on the right. Interestingly, the rise in yields appears to be roughly similar for the different maturities.

Posted by on November 15th, 2016 at 12:54 pm


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