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