21.02.2018 • 13:00 GMT
What Does a Decade High in US Yields Mean for Dollar, Markets?
• The US Treasury sold a range of paper Tuesday, but it was the near decade high yield from the 2-year note that stood out
• Treasury yields have closely followed the implied Fed Funds rate in FF futures, but the Dollar certainly hasn't followed
• Normalizing extreme monetary policy will distort Treasuries' 'signal', but eventually the connection to risk trends will be made