Bloomberg — five-year Treasury yields breach 5% for the first time since 2007 as the bond slide deepens

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Bloomberg — five-year Treasury yields breach 5% for the first time since 2007 as the bond slide deepens

· Bloomberg

Source: View source · Bloomberg · web

Why it's worth your time

The dated receipt for the week's macro: robust data plus a weak auction pushed yields across most maturities to two-decade highs on September 23, a week after the Fed's 25bp hike. The desk's FRED read says the year's move is real yields (TIPS 1.75% to 2.62%), not breakevens, and credit spreads have not moved.

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