10-year Treasury Yield Sinks To Fresh 2014 Low, 7Y Treasury Yield Drops Below 2%, And Fewer And Fewer Stocks Are Making New Highs.

10-year Treasury Yield Sinks To Fresh 2014 Low

NEW YORK –  Treasury prices surged Wednesday, sending the benchmark 10-year Treasury note yield to its lowest of the year on a closing basis. The 10-year yield, which falls as prices rise, sank 5 basis points on the day at 2.470%….

http://www.foxbusiness.com/markets/2014/05/28/10-year-treasury-yield-sinks-to-fresh-2014-low/

Here’s the chart:

Yahoo

http://www.businessinsider.com/10-year-treasury-yield-tumbles-2014-5

7Y Treasury Yield Drops Below 2%

The plunge in yields continues and even unflappable stocks are starting to crack a little… 7Y Treasuriy yields just cracked below 2% for the first time since Nov 2013. What is perhaps most worrying for the exuberant equity market is the dramatic flattening in 2s30s today (2Y +2.5bps, 30Y -9bps on the week).  Wondering why bonds keep rallying… see below…

Yields are tumbling across the complex (except the short-end)

Leaving the 7Y back under 2%

http://www.zerohedge.com/news/2014-05-28/7y-treasury-yield-drops-below-2

And investors are euphoric…

http://www.zerohedge.com/news/2014-05-28/euphoria

Fewer And Fewer Stocks Are Making New Highs

http://www.businessinsider.com/fewer-stocks-hitting-52-week-highs-2014-5#ixzz33380GSh9

German Unemployment Unexpectedly Jumps Its Most In 5 Years

http://www.businessinsider.com/german-unemployment-2014-5#ixzz3330mcUUp

GOLDMAN pres warns trading environment ‘abnormal’

http://www.bloomberg.com/news/2014-05-28/goldman-s-cohn-says-inactive-trading-environment-is-abnormal-.html

Cramer: Magnificent bull nearing end, say charts

http://www.cnbc.com/id/101707765

Mortgage Rates Fell, Purchase Applications Fell, Refinancings Fell

http://www.calculatedriskblog.com/2014/05/mba-mortgage-applications-decrease.html#ixzz33324eJuA

China’s millionaire machine has slowed, suggesting that the country’s economic weakness is reaching the top of the economy.

China’s millionaire population grew 3.6 percent last year, adding 100,000 millionaires and bringing its total millionaire count to 2.9 million, according a new report by the Chinese wealth website Hurun. The growth rate marks a sudden slowdown from the double-digit millionaire growth in China in recent years.

http://www.cnbc.com/id/101709917

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