Bond markets were weaker overnight with yields on 10yr Treasuries rising above 2.86 early this morning. Some of the weakness was attributed to a Wall Street Journal article discussing the likelihood that the Fed will remain on track with tapering at next week's meeting/announcement. The stance was similar to that shared here over a week ago:
"We're most likely to find that one bad jobs report means very little in the grand scheme of things and FOMC members have said as much. "
Even so, some of the market had clearly not been on board with that, as evidenced by last Tuesday's trading. Pieces like last night's WSJ article serve to reign in some of that counter-trend sentiment and in this case, bring yields back up.
The move was fairly small in the big picture and with the help of heavy selling in equities markets, bonds are back to unchanged levels presently.
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