Biggest surge in 5-Year Bond Yield in History
Last week we saw biggest surge in bond yield for 5-Year bonds in history of US. This is a highest percentage rise in the yield in a single week. Well, Greece is ready to be bailed out and here we see the US trying join the ‘elite group’ of PIIGS or should we say it is now A-PISS. G being removed and A added.
Chart and data courtesy of Zero Hedge.