Pressure on Treasuries!!!
http://online.wsj.com/article/SB124502201456213799.html
Institutional Investors See a Treasury Opportunity
Buyers Appeared When 10-Year Bond Yield Rose Above 3.75%; One Strategist Expects 'Substantial Yield Decline'
Walter Burke, a fixed-income technical strategist at Banc of
America Securities-Merrill Lynch in New York, said in a report earlier
this month he looks for the 10-year note's yield to set "an
intermediate-term peak" sometime in June, which could be followed by
"substantial yield decline, possibly back toward the last major
reflection point near 3.05%."
Mr. Burke said 10-year yields have recorded either their high or low
of the year in June every year since 2003. In 2004, 2006, 2007 and
2008, the yield peaked in June.