Take a look at the 10 year:
Quick Take:
The trading robots are enjoying a nice Turkey Day rally for now but this type of price action in bonds will stop the bullfest in its tracks if it continues.
Remember folks, we are in the middle of a debt crisis. These trading algos love to forget about this as they trade with one another and take the market higher.
The fact remains that the world's debt markets are facing a funding problem and the bond vigilantes continue to rear their ugly heads.
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