Treasurys may be selling off on hints of rising inflation, but David Keeble, global head of interest rate strategy a Credit Agricole, says it's the lack of extremely bad news that's allowing Treasurys to take a break from its
intense run since early April. "It's really thin air up there with yields below 2%, so you need a really steady stream of really bad news to keep them there," Keeble said. His team expects the Fed to announce "Operation Twist" next week, but just to state a target duration and not an explicit amount. Benchmark 10-year notes recently down 21/32 in price to yield 2.086%.
Mixed Data Allow Treasurys To Come Up For Air
Posted by
BorsaStreet.com
on Thursday, September 15, 2011
Elliottwave
(Video) Bob Prechter Explains 'Triple Top' Forming in U.S. Stock Market
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