The yield on the 10-year note is soaring again today with the rate now exceeding 4.50% and pushing higher. This has led the POSX higher and so, of course, the Comex PMs are down as the new week begins.
So I guess we might as well start there. The selloff in bonds began when trading resumed last evening and it has continued through the Asian and European day. Again, these are the highest yields on the benchmark 10-year treasury since 2007....
