(Reuters) - The bond market rally drove the benchmark 10-year note's
yield to a two-month low and pushed yields on two-year notes to
their biggest drop since 2004. Treasuries were little moved by
the auction of $13 billion worth of five-year paper, which
traders described as poor.
"Flight-to-quality is what we are seeing right now. For the
first couple of days went to gold and right now
it is moving to Treasury bonds and particularly to the shorter
maturities," said Doug Roberts, chief investment strategist with
Channel Capital Research in Shrewsbury, New Jersey.
Read more at Reuters.com Bonds News
yield to a two-month low and pushed yields on two-year notes to
their biggest drop since 2004. Treasuries were little moved by
the auction of $13 billion worth of five-year paper, which
traders described as poor.
"Flight-to-quality is what we are seeing right now. For the
first couple of days went to gold and right now
it is moving to Treasury bonds and particularly to the shorter
maturities," said Doug Roberts, chief investment strategist with
Channel Capital Research in Shrewsbury, New Jersey.
Read more at Reuters.com Bonds News
No comments:
Post a Comment