Commentaries

Now raising intellectual capital

Key support in Treasurys holding

June 11, 2009

Despite momentum toward higher yields, the key support level of 4% on the 10-year Treasury note is still holding after two attempts to break through. A breach of that level could ignite another round of selling with a potential added push from mortgage investors who need to shed long-term securities like Treasurys to hedge their holdings in a rising rate environment. 10-year currently around 3.95%, down slightly from the 3.99% yield paid when the note was reopened Wednesday.

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
  •