Friday, March 7, 2014

The 10-year note

Thomas Roth, senior trader at Mitsubishi UFJ Securities (USA) in New York., says there have been buyers taking advantage of the selling in bonds. He says that the 10-year yield around 2.8% is still attractive to some investors because "we still have a lot of work do to get the economy back on track." Michael Franzese, trader at ED&F Man, says trading was not frenetic. "This is just one jobs report and many traders refrain from betting aggressively on further rise in yields," he says. He expects the 10-year yield to be capped at 2.88% in the next few weeks as investors and traders wait for more economic releases to confirm that the US economy will pick up speed. The 10-year note is recently 17/32 lower, yielding 2.799%.