Article taken from: finance.yahoo.com
Now, credible progress on both could catch Treasury bulls seriously offside, and derail a market on track for its best annual return since 2011. “There was a decent long in the market that is going to get tested,” said Gary Cameron, portfolio manager at Garda Capital. “I don’t think we have a bear market, but the buy-dips environment we’ve been in since last September is late stage. Cameron expects that if this week’s positive signals are sustained, the U.S. 10-year yield could hit 1.90%.
The benchmark ended Friday at 1.73%, after rising 20 basis points this week, its second-biggest sell-off this year. “Retail sales will be pretty important,” said Cameron, adding that “the U.S. is the last bastion of reasonable growth it seems in the world right now.
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