“There's good demand among investors at five-year yields near 0.7 percent and 10-year yields near 1.4 percent. Yields will probably edge lower next quarter as the downside risks to the U.S. economy may materialize, threatening Japan's recovery.”
“I don't think there are any investors who can say with confidence that 20-year bonds are a great buy with stocks rallying. It's natural to see some selling of bonds ahead of the auction.”
