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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