Today is the kind of day where there are more traders in their cars heading for the beach than there are slinging bonds. With NFP coming in right in line, those that did stay in town are probably headed for the golf course.
The 10-year is selling off (down 1/4) but I think it has more to do with post month-end selling, with relatively low volume exaggerating any move. Barring any news between now and Tuesday, I'd look for a bounce back.
No comments:
Post a Comment
Comment rules:
All comments must contribute to the conversation
All comments should be civil
No comment should include any personal attacks, however minor, on the author or other commenter.
Do not hawk your own website unless its a specific reference to the article
If you post anonymously, please give some identifyer
I will delete any comment which doesn't fit this criterea