Perhaps in a mini-tantrum reaction to Japan's 'taper' overnight, which steepened the JGB curve notably...

 

https://alternativeeconomics.co/res?src=https%3A%2F%2Fwww.zerohedge.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2F20180109_10Y3.png

 

US Treasury yields are breaking out higher today with 10Y Yields solidly above the 2.50% 'Maginot Line' for the first time since March 2017.

https://alternativeeconomics.co/res?src=https%3A%2F%2Fwww.zerohedge.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2F20180109_10Y.png

The 2s30s yield curve is spiking today - the most since the Nov 2016 election (+6bps to 91bps)

 

https://alternativeeconomics.co/res?src=https%3A%2F%2Fwww.zerohedge.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2F20180109_10Y2.png

The long-end is leading the way higher in yields and steeper in the curve in 2018...

https://alternativeeconomics.co/res?src=https%3A%2F%2Fwww.zerohedge.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2F20180109_10Y1.png

The selling pressure is notable, especially considering just how net short Treasuries everyone already is...

https://alternativeeconomics.co/res?src=https%3A%2F%2Fwww.zerohedge.com%2Fsites%2Fdefault%2Ffiles%2Finline-images%2F20180108_BE5.png