Bond Market Higher As Stocks Slide
Bond Futures--- The bond futures rallied once again today clinging near all-time highs in the futures contract with the June trading as high as 149-22 before selling off later in the day to finish up 20 /32 to close right around 149-11 blamed on profit-taking. The yield on the 30 year bond today hit 2.71% while the 10 year note in the June contract currently trading up at 8/32 currently at 133-12 also off the highs of the days with the new yield of 1.61% for the 10 year note which is absolutely stunning with traders and economists wondering how low is this yield going to go. The five-year note also near all-time highs with the futures price at 123-28 with the historically low yield of 0.68% however this contract which used to be a very good contract ,but right now is a dead market at this point and volatility will remain extremely low until rates start to rise several years from now. 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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