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

 
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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