Large scale options trading appears in the US bond market, betting on 10-year US bond yields to rise above 5%

There was a large option transaction with a premium of about $14 million in the US bond market, betting that the yield of 10-year US treasury bond bonds would rise above 5%. The yield of 30-year US treasury bond bonds rose to 5.35% on Thursday, the highest level since 2007. If the yield of the 10-year US treasury bond bond rises to about 5.1%, the transaction will reach the break even point; If it rises to 5.2%, the revenue will increase to approximately $15 million.