10-Year Treasury Yields Break Out - Bespoke Investment Group

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CHART OF THE DAY: Is There Anyone Around Who Remembers A Bear Market In Bonds? - Joe Weisenthal and Kamelia Angelova  - Clusterstock at Business Insider 
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Swap spreads collapse - Scott Grannis - I never thought I would see what this chart is showing. 10-year swap spreads have suddenly, for the first time ever, dropped below zero. They are now -7.25 basis points. Since swap spreads are traditionally a proxy for AA bank credit risk, this means that the market prefers to own 10-yr AA bank debt rather than 10-yr Treasuries ... 've several explanations for the recent plunge in swap spreads, but not one that is compelling. ... - Calafia Beach Pundit
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Supply fears start to hit Treasuries - By Michael Mackenzie and David Oakley - The bond vigilantes are finally flexing their muscles. A long period of stability for the US government bond market showed signs of cracking this week as a lack of investor appetite for new debt sent the benchmark 10-year yield to its highest level since last June. - FT.com 

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Booming Treasury Yields Could Be Big - Tom Henderson, Strategist JBH Capital - ... The 10 Year Yield has been moving closer to the 4% level. If this level were breached materially, it could have a run to 5%. 4.30% seems to be the area of resistance from which this yield has been repelled. The action Wednesday, with yields on this benchmark jumping by 0.13% to 3.82%, is a large move. ... - Seeking Alpha
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PIMCO's April 2010 Investment Outlook, "Rocking-Horse Winner" by Bill Gross, is now available at PIMCO

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Gross: American-style capitalism has reached a dead end but buy T-bills anyway - Posted by Edward Harrison - Credit Writedowns

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What if interest rates don't rise? - (Fortune) -- Here's a shocker: It could be years before U.S. finances are jolted by an interest rate shock.  ... Even if it doesn't come to that, Japan's lost decades show that low-rate policies are far from foolproof. Japanese 10-year notes recently yielded 1.35% and haven't been above 2.15% in more than a decade, Simons noted.  "Did anyone think Japan would still be stuck here in 2010?" he asked. ... CNN Money Fortune