Treasury Market Gets Hit Later In Trading On Friday; 10-Year Note Falls 9/32 In Price

Monday, February 04, 2013 08:25
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Treasury Market Gets Hit Later In Trading On Friday; 10-Year Note Falls 9/32 In Price

Tags: bonds | markets | Treasury bonds

The Treasury market is showing vulnerability just as concern has been increasing about rising yields. In trading on Friday, the 10-year Note fell 9/32 in price and has risen about .25% so far this year.

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Bonds rallied early in the day and the 10-year yield fell below 2% to 1.924% before closing at 2.018%.
 
Analysts say that yields are at a reasonable level for this point in time and are likely to stabilize or decline over the near term.
 
Other experts warn the market may be oversold. The Fed’s bond-buying spree has been the primary factor holding yields lower and without stronger economic data, there is little reason to think the Fed will shift policy any time soon.

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