Kinda...it’s been up and down for the month of January. Although it is up MOM Q4 2020. Keep in mind the 5 year bond yield was hovering around 0.40-0.45 for the last few months and there was no real significant movement until February. The 5 year bond yield had not breached 0.6 since almost March 2020. So taken together this weeks movement has been significant.
Tl:dr for the last year bonds moved about 0.10, while this week we saw a 0.15 sustained increase over one week.
Tl:dr for the last year bonds moved about 0.10, while this week we saw a 0.15 sustained increase over one week.