US treasury bonds continuing to plummet nicely

As I pointed out yesterday, the US Treasury Bond future has fallen by about a tenth in the last two months and is still dropping like a stone.

According to the CME Group. At the time of posting, it's value has fallen by another one-and-a-half per cent since Friday's close (it might well bounce back in the next few minutes, hours or days, who knows?).

According to the BBC, longer term UK bonds are also down by about one-and-a-half per cent so far on the day.

In the real world, this is not as dramatic as it sounds, it means that US long terms interest rates have ticked up by another 0.1% since Friday or something, but assuming that the selling price of other "fixed income" assets like housing moves in tandem with bond prices, this all looks very promising...