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10-year Treasury yield carves out new 2017 low

Published 06/06/2017, 12:45 PM
© Reuters.  10-year Treasury yield carves out new 2017 low
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  • Fixed-income players are looking past more strong economic data (record number of job openings), sending the 10-year Treasury yield down another 4.4 basis points to 2.14% - the lowest level since the day after the presidential election. TLT +0.65%, TBT -1.3%
  • Yield-starved financials are underperforming, with the XLF -0.55%
  • U.S. stock markets are edging into the red, and Europe today closed at almost a three-week low.
  • Macro events this week that may be driving some to safe-havens: ECB meeting, James Comey testimony, U.K. elections.
  • Now read: Bonds And Commodities: Opportunities Or Traps?


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