T-Note Yields Flirting with 2%

"You really should flirt with someone unitl you're ready."
--Meg Harper (Joe Somebody)

Ten year yields are flirting with 2% this am following a strong durable goods report. Last week long bond yields popped thru near term resistance at about 1.8%.

Next stop appears to be about 2.5%.

The higher interest rates go in a levered system like ours--with the Fed trying to buy rates down at the rate of almost $100B per month--the greater the strain on the system.

And on inflation expectations.

Tempted to start a bond short right around here.

no positions