The Bond Report – Yellen’s Still Dovish

By | July 16, 2014

Janet Yellen continued her dovish stance today in what we have come to expect.

In summary, the economy needs to prove itself before the FED will take action.

From bond POV there wasn’t much of a change. We’re still above the 2.5% mark.

Some Euro headlines sparked a bid tone in the ZN before it settled down.

Watching and waiting.

10 yr

Intra day moves in the ZN.

ZN