The IMF's recently released global outlook is holding the US 2-yr yield below 2% says Sean Simko, fixed-income portfolio manager at SEI. Separately, part of why longer-dated Treasurys have gotten to this point is
because of expectations that the Federal Reserve will announce Operation Twist on Wednesday. "At this point, if the committee doesn't announce this measure and disappoints, credibility will be severely damaged," Simko says. A failure to meet expectations would risk a slide in equities and painful spike in long-end Treasurys yields. Benchmark 10-year notes recently down 2/32 in price to yield 1.949% and 30-year bonds down 12/32 to yield 3.211%.
Elliottwave
(Video) Bob Prechter Explains 'Triple Top' Forming in U.S. Stock Market
This excerpt from the special video issue of the August Elliott Wave Theorist brings you Bob Prechter’s analysis of the triple top that has been forming in the U.S. stock market over the past 12 years. Watch as Bob himself explains what this pattern means for you and the markets.
You can get even more analysis – including an 84-year study of stock values – that will help you gain perspective about the recent market moves with Elliott Wave International’s FREE report, “Reality Check: Studying the Past to Bring Clarity to the Future.”
You’ll get a glimpse into the in-depth analysis Robert Prechter presents each month in his Elliott Wave Theorist with 3 excerpts from his most recent issues.
Don’t let extreme market volatility leave you confused and scared. Prepare yourself for today’s critical market juncture with your FREE report from Robert Prechter.
Read Bob Prechter's FREE report "Reality Check: Studying the Past to Bring Clarity to the Future."
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