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Do Stocks And Bonds Have Different Near-Term Directions?
Monday, April 10, 2017 23:25
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Written by Jim Welsh
Macro Tides Technical Review 10 April 2017
Treasury Bond Yields
The March employment report was not nearly as weak as the headline increase of 98,000 new jobs suggested, which is why Treasury bond yields initially plunged and then rebounded on Friday. At the low the 10-year Treasury yield touched 2.271%, before closing at the high of the day at 2.373%. A ten basis point range is large. However, Friday’s reversal does not change the intermediate outlook for Treasury yields to fall further.
Source: http://econintersect.com/pages/investing/investing.php?post=201704110033
