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Bond Expert: Monday Outlook

Posted on June 23, 2008

Prices of Treasury coupon securities have posted modest gains in overseas trading. The yield on the benchmark 2 year note has declined a basis point and rests at 2.88 percent. The yield on the 5 year note has dropped 2 basis points to 3.58 percent. The yield on the actively traded 10 year note has slipped 2 basis points to 4.14 percent. The yield on the Long Bond has dropped 3 basis points and it rests at 4.70 percent.The 2year/10 year spread is 126 basis points. The 2year/5 year/30 year butterfly is 42 basis points.Economic data available overnight has a soft feel about it. Japanese business ...

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economic data , fed , fomc , inflation , markets , purchasing managers , the fed , trading