But quickly cools, meaning the bond market's opinion was Meh.
By way of contrast, yields plunged roughly 33% between July and September 2011 from the 3s to the 2s in the wake of the debt-ceiling mini-compromise.
The five year yield nadir was about 1.38 in late July 2012. Yields today are almost 35% higher than that, but are still 50% off what they were in early January 2008 near 4.
Interactive chart here.
