Treasury Yield FOMO Means the Buyers Keep Coming Back Around 3%
- Yield on 10-year Treasury tested 3% level again Monday
- RBC Capital Markets expects long-end buying to pick up
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There’s something about 3%.
That’s the level on 10-year notes where Treasury investors’ fear of missing out on a higher-running yield appears to be kicking in again, amid concern an economic slump might soon make that kind of number a thing of the past.