Watching the U.S. Treasury Curve as Summer (Unofficially) Begins

10-year U.S. Treasury yield remained below 3 percent ahead of the U.S. Memorial Day weekend, closing at its lowest level in more than a month. Price action was driven by European bond rout, which saw bunds rally sharply as political jitters hit peripherals, with notable focus on Italy and Spain bonds. Henry Peabody, portfolio manager at Eaton Vance, and Matt Brill, head of U.S. investment grade for Invesco Fixed Income, join Bloomberg's Jonathan Ferro and Lisa Abramowicz to discuss the U.S. Treasury curve and the next move for the Federal Reserve. (Source: Bloomberg)