"The 10 year treasury yield is now 110 bps off its lows and where it stops nobody knows. It was my speculation that interest rates would increase, but the markets often move more abruptly than one expects. The ten year took over 5 months to drop from 3.5% to 2.4%, but it only took two months to retrace those steps..."
at http://pragcap.com/a-wild-ride-for-interest-rates
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