Move in rates, really unprecedented

I took the liberty of posting this email from Dan Greenhaus of BTIG

 

As of this morning, with the yield on the 10 year at 2.59%, yields are up (on a percentage basis) nearly 60% since hitting a low of 1.62% in early May.  On a percentage basis, that is the single largest jump over that time frame dating back to at least 1962, continuing a theme we’ve seen in the last few days.

 

Interestingly, all of the largest yield spikes on a percentage basis have occurred since 2003, a period characterized by greater Fed activity.

 

Source: Bloomberg, BTIG LLC estimates

 

Dan Greenhaus

Chief Global Strategist

BTIG LLC

825 Third Avenue

New York, NY 10022

212.593.7510 (trading)

212.527.3562 (direct)

AOL IM: dgreenhaus@btig.com