Bonds Bounce as Data Confirms Range Resistance

Bonds Bounce as Data Confirms Range Resistance

Bonds Bounce Data Confirms Range Resistance Yesterday's bounce at 3.35% suggested that the bond market's will to rally may have been running out of steam.  It was far from a guarantee considering bonds nonetheless ended the day at lower yields, but a vague, potential warning perhaps.  Today's early trading suggested the market hadn't made up its mind before the 10am econ data.  After the data, however, the range received clear reinforcement from the higher inflation expectation component in the Consumer Sentiment numbers. Econ Data / Events Import Pr