Via Cornerstone:
Long-term Treasury yields have risen sharply since the beginning of the year, as we know. The ten-year rate is up 22 bps; the vast majority of the increase happened starting on January 5th.
•The move is also outsized by historical standards: Ten-year yields have moved on net more than that on any othe reight-day period only 1.6% of the time since 2010 (the low-rate era).
