5 year 30 year yield spread approaching 2 + year highs . Mizuho flagging up 125 level as a big deal,currently trading 123 ish. Increase stimulus hopes and thus how to pay for it again driving long end weakness mentioned earlier so need to rehash,lets hope that Movement in the spread can create a bit more volatility in the treasury complex.

Below is a proxy for Bond skew 25 delta call volatility minus Put vol so downside bets picking up a bit of Volatility.