“For now, it’s really been led by bunds, which have room to rally to 1.29 percent,” Carl Lantz, head of interest-rate strategy at Credit Suisse Group AG, said in the article. “That has us cutting through the 2.47 technical level in 10s. It hasn’t really paid to fight the technicals this year because often they speak to underlying changes in flows or themes that aren’t immediately obvious.”
Looking ahead, Treasury bond traders will be looking for an improving May unemployment report on June 7, which could push yields back up.
iShares 7-10 Year Treasury Bond ETF
For more information on the Treasuries market, visit our Treasury bonds category.
Max Chen contributed to this article.