June 7, 2018
Talk that the ECB may begin to end their QE bond-buying program isn't hurting demand for U.S. Treasuries. Buying was brisk in a choppy session with the 10-year yield down 6 basis points to 2.91 percent and the 3-year down 3 basis points and just under 2.5 percent at 2.49 percent.
The day's economic news is led by another favorable report on jobless claims which remain low and are signaling uninterrupted strength in the labor market. Buying in bonds wasn't a rotation out of stocks which were mixed with the Dow up 0.4 percent to 25,241. Oil, near $66, firmed slightly and gold held steady near $1,300.