Long-End Sell-Off Continues

Treasury prices continue to slip in this morning’s early trading. The Thirty-Year Bond is off about 3/4 point resulting in a yield of around 2.33%. The Ten-Year is off about a quarter-point for a yield of 1.44% while the Two-Year is unchanged at 13 basis points. Crude oil is up slightly to $60.93 while gold holds pretty steady at $1,728. Equity markets look like they may take a breather today with DJIA futures flashing mildly red. Today’s only data announcement will come later with a report from Wards Automotive Group telling us about Total Vehicle Sales in February. January’s 16.63M annualized pace is expected to have fallen to around 16M last month.