Treasury Yields Move Higher
Action Economics: Treasury yields popped higher with stocks, which were given some support by the headline rebound in new home sales, despite lower back revisions. The major indices are now back in the green and the 10-year yield is back above 4.36% from lows near 4.33% earlier in the session. The 2s-10s spread has steepened back out to +61 bp month-wides.
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