Investors continued to bail out of Treasury securities Monday, particularly the shorter-term issues that Wall Street tends to regard as relatively safe plays.
But they aren't safe when the market begins to believe that the Federal Reserve will start tightening credit -- which is the way more bond traders suddenly are leaning.
The yield on the two-year T-note soared to 1.39%, up from 1.3% on Friday and 0.94% on Thursday. That's a massive move in the space of two trading sessions. (more)
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