Janus' Gross Tweeted on yields earlier:
Janus' Gross Tweeted on yields earlier: "30yr Tsy long-term downward yield trendline for the past 3 decades now at 3.22%, only about 4 bps higher than today's yield. Will 3.22% be broken ot the upside? I don't think so... The Economy can't support yields higher than 3.25% for 30s and 10s, nor 3% for 5s. Continuing hibernating bond bear market is best forecast." Having called for a break higher in yields previously, it seems odd that he would suddenly draw a line in the sand so close to current levels. This stands in contrast the record short position in bonds and speculation that preemptive rate lock hedging on forthcoming corporate debt issuance has fueled the sudden rise in yields of late.