From Bloomie and Forexlive:
Investors who are driving almost three weeks of losses in the Treasury market — saying yields are too low given what’s happening in the U.S. economy — should look at the Citi Economic Surprise Index.
It shows U.S. economic data are failing to meet expectations by the most in more than two years. The figure jibes with a Federal Reserve statement Wednesday signaling policy makers’ willingness to keep interest rates low for longer, given risks to the economy ranging from a stronger dollar to wages and housing.
Rate hikes are off until Q3 at least.