Friday
Apr142006
US Bonds Cross 5% yield
April 14, 2006 at 1:55 PM
The benchmark ten-year treasury bond crossed above the 5% yield for thefirst time in years. I am just going to let my short bondposition run here. I don't see any upside to bond prices (lower yields)until the Fed gives a signal that it might be done raising short term rates.
However, these big figure changes in benchmark yields do usually bringout retail trading so I do think we'll see some suport for the next twoweeks. I wouldn't expect yields to go much above 5.2% until someof that technical buying is done.
However, these big figure changes in benchmark yields do usually bringout retail trading so I do think we'll see some suport for the next twoweeks. I wouldn't expect yields to go much above 5.2% until someof that technical buying is done.
Reader Comments