Bonds Attempting a Comeback

On the heels of yesterday’s harsh sell-off, Treasury prices are slightly higher in early morning trading. With no data pronouncements scheduled for today, investors seem to be taking a breather. The Long Bond’s half-point rise has put that yield at 2.42% while a smaller price gain on the Ten-Year has resulted in a yield of 1.69%. The Two-Year is little changed at 15 basis points. Crude oil’s slide has also been arrested at least temporarily and looks pretty steady just north of $60 while a little rally in gold has pushed that price up about $6 to $1,743. Equity indices are flashing light green.