Demand for 10-year Treasury remains high despite upcoming Fed tapering

Zero Hedge Watch

Zero Hedge

Demand for 10-year Treasury remains high despite upcoming Fed tapering. As the Federal Reserve prepares to wind down its QE bond buying program, some analysts were worried that this would hurt demand in the bond market as other investors wouldn't be able to pick up the slack. This doesn't appear to be the case, at least not for now. Investor demand for the 10-year Treasury auction today was very high and pushed yields to their highest point since June 2011. The 10-year yield is now 2.946%. It is unclear whether this is a temporary buying frenzy or a sign that the bond markets will withstand the Fed's withdrawal. Keep an eye on future auctions after tapering begins. (VIEW LINK)

Zero Hedge Watch
Zero Hedge Watch
Zero Hedge

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