The US Treasury complex has come under significant pressure following President Trump's speech to Congress, which renewed hope of a massive $1 trillion infrastructure spending plan. Selling has pushed yields up more than 7 basis points in the intermediate part of the curve with the 10-year back up at a two-week high. Here's a look at the scoreboard as of 11:04 a.m. ET:
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Treasurys are getting smashed as sellers pile on after Trump's speech (TBT, TLT)
The 10-year yield is at a two-week high.
An elephant destroys a minibus after throwing its rider and going on a rampage during Sri Lanka's sixth annual elephant polo tournament in Galle.
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Until Trump's speech, Treasurys had been coming back into favor among traders as worries began to surface that take longer to implement
For now, it looks likes like TBT longs will live to see another day.
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