My Kuroda! 10Y T-Note Yield Declines After Approaching 3% Barrier (Same For Germany And Japan)
The US Treasury 10Y yield appears to have bounced off a reflecting barrier — the 3% yield barrier.
For the German Bund, it is reflecting off of the 75 basis point barrier.
Even Japan’s 10Y sovereign yield is falling.
As a tribute to The Fed, ECB and Bank of Japan, I give you the song “My Kuroda.”