30Y Treasury Yield Jumps Near 3.00% Despite Dismal GDP Growth

Nothing says sell bonds like the worst quarterly growth for a Fed rate hike since 1980

 

but that's what is happening…

Here's why – Treasuries under pressure after 1Q employment cost index rose 0.8%, largest gain since Q1 2007, a sign of inflationary wage pressures as both pay and benefits accelerated.

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