EDV - Treasury yields break out to new highs on vaccine hopes

The 10-year Treasury yield is up 10.5 basis points to 0.92% - its highest level since the March panic.The moves comes after interim data from the Pfizer/BioNTech Covid-19 vaccine trial showed 90% effectiveness after the second dose.The iShares 20+ Year Treasury Bond ETF (TLT) is down 2.1% premarket, and its leveraged inverse cousin, the [[TBT]] is up 4.1%.Checking popular bond proxies, they're nicely higher as boosted economic prospects and a steeper yield curve more than outweigh any absolute rise in rates.Annaly Capital (NLY) and AGNC Investment (AGNC) are each up about 2% premarket. New Residential (NRZ) is up 8.3%, The Pimco Dynamic Income Fund (PDI) is higher by 0.4%.Related ETFs: [[TLT]], [[PTY]], [[BND]], [[TBT]], [[AGG]], [[EDV]], [[RCS]], [[BOND]], [[TMV]], [[BTZ]], [[TMF]], [[VGLT]]

For further details see:

Treasury yields break out to new highs on vaccine hopes