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US 10-Year Yields Meet Our 2.51% Target

Posted on: Thursday, May 15th, 2014

The yield of the benchmark US 10-Year Treasury Note has traded as low as 2.50% thus far this morning, meeting our downside target first mentioned in our February 27th report entitled US 10-Year Yields: Back To 2.50%?, when these yields were trading near 2.70%.

From that report:

“…US 10-Year Treasury yields, which finished the yesterday’s session at 2.67%, are headed back to, and even perhaps below, important yield support near 2.50%.”

Prior to that report, in our January 10th report entitled US 10-Year Vulnerable To A Decline From 3.00% with yields trading at 3.01%, we said:

“…conditions are now favorable for a meaningful decline from the 3.00% area to emerge in the yield of the 10-Year Note, as long dated Treasury prices rise.”

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