Some selling is coming through the bond market because of stocks and the consumer price report. Yields will probably have a bias to rise toward June because investors are becoming more alert to the chances of a policy shift.
More Quotes from Hiroaki Takai:
It's difficult to buy bonds, especially five-year and shorter notes, before the growth report. The economic recovery is well under way and the market is pricing in chances for a rate increase later this year.Hiroaki Takai
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