Treasury Curve Collapses To Fresh 10-Year Lows After Data Dump

Hot CPI, disappointing retail sales, slumping surveys, and a drop in real wages... is it any wonder the yield curve just flushed another 3bps to a 75bps handle - the flattest 5s30s curve since Nov 2007.














This is the 13th daily flattening out of the last 15 days...





Everything changed after China intervened in it's FX market 'Shanghai Accord'-style...





There was some serious volume in Treasury futures as the data hit...