(Reuters) - "The market has corrected from the sell-off that pushed up
benchmark yields to 5.33 percent and is now waiting for news to
set the next direction," the trader said.
"The subprime mortgage woes are likely to continue for some
time more, so the direction appears to be for yields to test
below 5 percent," he said. "But the strength in stocks remains a
risk factor for such a bullish view."
Read more at Reuters.com Bonds News
benchmark yields to 5.33 percent and is now waiting for news to
set the next direction," the trader said.
"The subprime mortgage woes are likely to continue for some
time more, so the direction appears to be for yields to test
below 5 percent," he said. "But the strength in stocks remains a
risk factor for such a bullish view."
Read more at Reuters.com Bonds News
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