Bank of America Sees US Bill Supply Boost Curbing 10-Year Yield
An anticipated decision by the US Treasury Department to favor short-term bills to finance the deficit has the potential to drive 10-year note yields lower by more than a quarter...
By Elizabeth Stanton · Bloomberg Markets
An anticipated decision by the US Treasury Department to favor short-term bills to finance the deficit has the potential to drive 10-year note yields lower by more than a quarter point, interest-rate strategists at Bank of America say.