After an extreme period of heightened volatility in interest rates, yield movements have been quiet. The 10-yr has lived in a narrow rectangle between 55 & 85bps for over two months. On the upside, watch 70bps (would be a break of the downtrend from March 19th’s 1.15% yield), and also 85bps (breakout of the rectangle). On the downside, watch 54-55bps (breakout to the downside of the rectangle). Either way, another period of heightened vol in bond land would not be surprising. Watch our 10-yr in particular.
Wennco's innovative strategies and robust OCIO capabilities are designed for RIAs, Family Offices, and high-net-worth individuals.