Bonds: Are We There Yet?

Another week like this one and the 10-year yield will be at 3%

The 10-year has seen its largest weekly increase in yield since the week Trump was elected in 2016. The 2s10s yield curve has steepened by 27 bps this week. It hasn't steepened that much in a week since 2013. (Bespoke)

This is the longest US bond market drawdown in history