Bond bears get a tiny taste of success

Treasury market closes for the year
– US 2 year yields finish up 38 bps to 1.05%
– US 10 year yields finish the year up 8 bps to 2.26%
– US 30 year yields finish the year up 27 bps to 3.01%
A handful of basis points wasn’t the year the bond bears were hoping for but it’s a start.

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