MAY 3, 2018
International yields are starting to move. The most marginal sovereigns are spiking; keep an eye out for where this unsettling trend might surface next.
While the 10-year Treasury Note yield has been rising,
the 2Y Treasury Note yield rise has been meteoric. As has Venezuela’s 2Y yield, but for different reasons.
And then there is Argentina with a 29.156% 2Y yield in Pesos. But -0.203 when denominated in US Dollars.