Bond Yields

I close my eyes
Oh God I think I'm falling
Out of the sky, I close my eyes
Heaven help me
--Madonna

Sovereign bond yields have been rising worldwide (meaning bond prices are falling). On an absolute basis, yields are still miniscule. But on a relative basis, some sovereign bond yields are higher by 100% or more over the past month or two.

Ten year T-note yields are just under near term resistance. If this level should happen to be taken out, then that would raise an eyebrow or two--given the near term oversold level of bonds.

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