When A Toll Isn't A Toll

When A Toll Isn't A Toll By Benjamin Picton, senior market strategist at Rabobank When A Toll Isn't A Toll Yields on 10-year Treasuries finished last week up 11bps to 4.48% while yields on 10-year Bunds rose 8.5bps to 2.93%. Those higher borrowing costs came despite signs of weakening in the US jobs market, a weaker-than-expected prices paid figure on the ISM manufacturing index, and a surprisingly weak Eurozone CPI inflation report that follows in the wake of lower than expecte...

By Tyler Durden