Treasuries Have Never Been as Oversold as They Are Now: Chart

JPMorgan's Bell Sees Bond Yields Continuing to Rise

The slump in Treasuries this month is breaking all previous speed limits. A gauge of whether asset-price movements have gone too far, too fast is signaling the slide in the Bloomberg Barclays U.S. Treasury Index is the most overdone since the gauge started in 1973. The relative strength index reached an unprecedented 17.48 last week and was at 17.52 on Monday -- anything below 30 usually signals a rebound is due.

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