The 10-year Treasury "spiked" today, according to some over on social media.
- the close from yesterday / pre-opening: 1.0995
- opened at 1.0740
- a little after noon ET the TYT dropped to an intraday low of 1.0650
- closed at 1.0740
For the five days this week:
- a low of 1.0040 (someone may want to fact check me on this)
- a high of 1.1010
Let the hand-wringing begin.
My hunch: the Reddit traders are shorting the 10-year Treasury. Or maybe just shorting the US in general. LOL.
