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[Rogerdodger]

WOW! these boring bonds are reminding me of the local weather.
We had the lowest temperature EVER recorded in Oklahoma this year (-32) and the most snow in a 24 hour period and now we are breaking several daily heat records. Currently it's 111F with some relief finally coming next week.

Likewise these boring bonds are seeing some volatility:
http://stockcharts.c...4129&r=8434.png

TREASURIES-New Europe hopes slam US gov't bonds
NEW YORK, Aug 5 (Reuters) - U.S. Treasuries tumbled in heavy trade on Friday, slamming the brakes on a safe-haven rally as Italy took measures to halt the spread of Europe's debt crisis.

Long bonds followed their best day since March 2009 with the worst sell-off in nearly a year in a slide that started after a U.S. jobs report dispelled investors' worst fears over the sputtering U.S. economy. For details, see [ID:nOAT004847]

The drop accelerated on hopes for a new crisis plan by Italy, which culminated in Prime Minister Silvio Berlusconi's announcement that he would escalate austerity measures. [ID:nL3E7J5149]

Ultimately, investors were shunning Treasuries on expectations Berlusconi's steps would get the European Central Bank to buy Italian bonds. They hope this will stabilize euro zone debt and world financial markets after Thursday's fear frenzy.

"That was the real thing that got us started -- that they will make some changes structurally to their economy or try to do some things to get their house in order, which may clear the way for the ECB to start buying some Italian bonds," said Rick Klingman, managing director of Treasury trading at BNP Paribas in New York.

The 30-year long bond US30YT=RR fell more than 3 points on the day. They were last down 3-4/32, yielding 3.84 percent.

Despite Friday's sell-off, long bonds were on track for their best week since the financial crisis days of December 2008.