Fixed income sold off, treasury yields fluctuated after durable goods report☕

Another day, another aggressive sell off in fixed income. Treasury bonds had a wild day with yields showing some early recovery with well received UK and German auctions, before reversing all the gains post the 8:30am durable goods to gallop up nearly 15bp at their worst levels.

#aggressiveselloff #fixedincome #Treasurybonds #durablegoods #macro