By Musabbir Mazhar
I see the US 10 year Treasury yield going up to 3.10% around the next jobs report in January.
The 10 year US treasury yield increased about 12 basis points from Dec 6th yield of 2.86% to 2.98% on the afternoon of Dec 24th. If the jobs report shows improvement, i.e higher for December than the 203,000 increase in payrolls in November then we can expect an increase in the Fed taper rate and it wouldn’t be surprising to see the yields go up to 3.25% soon. Investors currently holding the treasuries can expect some more losses.
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