Interest Rate Roundup

Tuesday, May 26, 2009

Is the market open? Then sell bonds ...

The selling just keeps on washing over the long-term bond market. After a brief bounce in the wake of the 2-year note sale earlier this afternoon, bonds rolled over. Futures are now down 1 6/32 at 118 4/32. The yield on the 10-year Note has risen another 9 basis points to 3.54%. The dollar is still up on the day, but barely. An earlier rally to 80.78 on the Dollar Index has mostly evaporated, with DXY up just 13 bps to 80.15 at last check.


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