Treasuries Selling Momentum Is Unabated as Yields Extend Climb
- Futures volume jumps with 10-year yield highest since 2011
- Not even a slide in stocks puts the brakes on bond declines
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Treasuries bears still have plenty of momentum to close out the week, with volume surging as yields climbed toward the highest levels in years.
Not even a smaller-than-forecast increase in September U.S. payrolls or sliding stocks could put the brakes on the bond-market selloff. The yield on the benchmark 10-year note reached about 3.25 percent on Friday, the highest since 2011, putting it on track for the biggest weekly increase since February. At least one trader is wagering that a 3.6 percent yield is possible this year.