The world’s biggest fixed-income managers aren’t ready to give in to the bond bulls just yet.
Even after Friday’s weaker-than-forecast U.S. payrolls report, Treasuries failed to sustain a rally that briefly pushed yields to 2017 lows during the New York session. The day’s fluctuations merely leave 10-year yields at the bottom of a range they’ve been trapped in all year -- and above their lowest year-to-date closing level of 2.31 percent.
