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%.
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