Treasury Yields Just Puked The long-end of the yield curve just plunged with 10Y yields dropping back below 1.30%... Source: Bloomberg And 30Y yields pushing down toward 1.90%... Source: Bloomberg An immediate catalyst for the move is unclear although Chicago Fed President Evans did comment on his disappointment that inflation expectations were not higher ("inflation upside risk is not as strong as I'd like it") and "more persistent inflation wouldn't be bad." Perhaps that dovish signal was enough to confirm Fed liquidity is here to stay and will dominate any underlying inflation fears. Tyler Durden Thu, 07/15/2021 - 13:28