"Today in the U.S., the focus will be on the 3-year note auction and the supply in 10-year and 30-year [notes] on Wednesday and Thursday. I would not be surprised if 10-years are yielding 2.75% by auction time as there seems to be a willingness to sell rallies, given the fact most large participants are on holiday. That said, pushing 10-years close to 2.75% should create decent buy interest for those waiting in the wings."—Tom Di Galoma, ED&F Man Capital
↧