The bond market is surging on rocket fuel right now

• 2-year Treasury yields -38.7 bps to 4.201% (started the session at 4.433%)
• 5-year Treasury yields -28.2 bps to 3.671%
• 10-year Treasury yields -16.3 bps to 3.531%
• 30-year Treasury yields -4.9 bps to 3.651%

The bid Bid In a market, a bid is a price at which a buyer is willing to purchase a specific security, such as a currency, stock or bond. It is the highest price that a buyer is willing to pay for a security. Bids are typically made by market participants such as investors and traders, and are usually entered into an electronic order book or trading platform.When a market participant is looking to buy a security, they will typically place a bid at a certain price. If there are multiple buyers looking to pur In a market, a bid is a price at which a buyer is willing to purchase a specific security, such as a currency, stock or bond. It is the highest price that a buyer is willing to pay for a security. Bids are typically made by market participants such as investors and traders, and are usually entered into an electronic order book or trading platform.When a market participant is looking to buy a security, they will typically place a bid at a certain price. If there are multiple buyers looking to pur Read this Term in bonds since Thursday last week has been unrelenting and the moves today in particular is rather staggering. The above would mark the biggest daily fall for 2-year Treasury yields since 2008. And this is not just contained to the US as a matter of fact. 2-year German bond yields are down 40 bps to 2.670% currently in one of its worst days on record with 10-year German bond yields down 24 bps to 2.252% in its worst fall since 2011.