Shining a small light on economic reality.
Here is the one-day performance of the Irish government bond nine-year yield as calculated by Bloomberg.
So much for bond yield tranquillity! And this is not too different to what was happening on November 24th 2010 only this time we’re going one percentage point higher.
Is this really the same measure that was in place in November 2010? I seem to recall the Bloomberg data rebasing itself on a nine-year window rather than ten-year.