Long term treasury yields are on the verge of breaking out. In the March 25 issue of Breakfast with Dave, Rosenberg mentions various factors in play. Despite signs of economic cooling in Q1 (around 2.5% growth and half the Q4 pace) and lower inflation expectations, the 10-year Treasury note yield is ratcheting up (in a destabilizing fashion) and devoid of any bearish economic data (for a range of technical/fund flow reasons as was the case in the summer of 2007). In technical lingo, it does …

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Treasury Yields Rise; What’s Cooking?