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2012 appears to be a great analogue for the current volatility in the treasury market, and might provide clues on what comes next if rates fall through their recent support level. Spoiler alert: it involves the #Fed. Here's a thread of the impact on diff markets.
$TNX $SPX
$TNX $SPX
I'll start with $SPX. When $TNX broke its support, equities experienced a >10% correction. This was after a 20% drop a year earlier that started this higher vol period.
When $TNX broke support, $DXY saw a strong move up until the fed stepped in with #QE3.
