Treasury movement was pretty much similar with the events those are going on around us. Let see these Treasuries –
31st April, 2011
1st January, 2011
Change ( % )
2 & 3–year Treasury saw much increase in their yields comparing to the other tenure of Treasuries . Better to say long term Treasury yields have not shown much increase . Here I want to look in last years Treasury figures –
As we can see the year end figures are showing much decline in the yield figures . As we know Treasury yield runs opposite to the Treasury value . This quarter Treasury yield figures were much appreciated in their value comparing to the earlier . So if we consider this for market analysis then it shows that situation is better for this quarter comparing to last year .
Most of the Treasury yields have bottom-out at around January end and mid march & they also subsequently after bottoming out went up to make tops . From certain angle I think the longer version that is 10-year & 30-year treasuries have made some pattern .
Last year sovereign debt problem of
Europe was a big matter of concern so value was high and yields were negatives but that type of concern is less now . But the unrest going on around Middle East , natural disaster in and above all the stock market condition will dictate the terms for Treasuries . Japan
Fed has already purchased lot of Treasuries as according to their Treasury purchase program which will end in June this year but I have doubt that they may not complete the total purchase program !