Treasury 10-Year Yield May Test 2% After Breaking Support: Tokai
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
People
Hideki Shibata (Tokai Tokyo Financial Holdings Inc)
Michael Pence (United States of America)
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UUID: 7947283
(Bloomberg) -- Ten-year Treasury yields may test 2% after breaking a 2.3% support line, which formed the lower end of a triple bottom, says Hideki Shibata, senior rates and currencies strategist at Tokai Tokyo Research Center.
- North Korea tensions are heightening just as upward momentum of U.S. economic data is slowing, says Tokyo-based Shibata by phone
- Markets are preparing for a possible military conflict, but the likelihood of such an occurrence is low
- Lack of decisive resolution means tensions may linger
- NOTE: Benchmark 10-year yield now down 4bps to 2.20%, lowest since Nov. 17
- U.S. Vice President Pence reiterates that “all options are on the table” for dealing with North Korea
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
People
Hideki Shibata (Tokai Tokyo Financial Holdings Inc)
Michael Pence (United States of America)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283