Friday's Bond Outlook: The Dollar Flexes Its Muscle

John Jansen submits: Prices of Treasury coupon securities are modestly lower in overseas trading as some professional profit taking emerged after the sharp price gains of yesterday. Some of those gains sprang from fear and while equity markets are not exactly ebullient there is a modicum of stability and that drained some of the enthusiasm from the Treasury market.The yield on the benchmark 2 year note has climbed 2 basis points to 2.45 percent. The yield on the 5 year note has gained 3 basis points and rests at 3.17 percent. The yield on the benchmark 10 year note has registered a 2 basis point increase to 3.94 percent. The yield on the Long Bond has moved higher by 2 basis points and the instrument yields 4.58 percent.Complete Story »