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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 692.27+0.3%Jan 15 4:00 PM EST

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To: SI User who wrote (53736)8/19/2013 5:09:49 PM
From: Brian Sullivan  Read Replies (2) of 221849
 
BOND REPORT: Treasury Yields Jump To Fresh Two-year Highs

NEW YORK (MarketWatch) -- Treasury prices extended a slide from last week into Monday, pushing government debt yields up to fresh two-year highs as monetary-policy uncertainty continued to roil the markets.

The 10-year Treasury note (10_YEAR) yield, which moves inversely to price, rose 6.5 basis points to 2.890%. The benchmark yield, which has climbed over 75% since the beginning of May, is once again on pace to close at its highest level since July 2011, following a 24.5-basis-point-rise last week.

The 30-year bond (30_YEAR) yield rose 5.5 basis point to 3.904%, on track for its highest close since August 2011. The 5-year note (5_YEAR) yield rose 5 basis points to 1.621%, on track for its highest close since July 2011.

"Ten-year yields have moved out of the range they've been in since mid-2011. You've broken that technical support level," said Michael Cloherty, head of U.S. interest-rate strategy at RBC Capital Markets.
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