Bond Futures Sell Off On S&P 500 Gains

Bond Futures--- The bond futures were quiet this week with the 30 year bond yield at 2.75% currently trading in the September futures contract at 148 – 06 down about a full point for the week selling off on some profit-taking as the S&P 500 showed some strength today after yesterday's 32 point debacle and bad economic news in the United States and across the globe. The 10 year notes were slightly higher this week with an average yield of 1.67% still hovering around all-time lows in yield with uncertainty in Europe the rest of the world as well as the United States while the federal reserve stating they will continue to buy treasuries until at least 2014 so look for yields to stay extremely low with very little volatility. The five-year note which has very little volatility at this point because it is only yielding .75% with an  all-time low yield of .62% which happened about three weeks ago also waiting for the next major report which will be the unemployment report which be the first Friday of July which will definitely have an impact on bond yields. I don't really have an opinion on the yields except for the fact that I do believe they will remain low for several years because the Federal Reserve is forcing low yields with the constant purchasing of their twist program's and QE3 and at this point I think you just stay away from this market until something happens when the federal reserve stops manipulating bond yields.  If you are looking for a futures broker feel free to contact Michael Seery at 800-615-7649 and he will be more than happy to help you with your trading.

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