Fed Speakers and Auction Help Bonds Hold Steady

Fed Speakers and Auction Help Bonds Hold Steady

Bonds technically lost a small amount of ground today, but it’s just as fair to say that they’re holding steady on the week.  In fact, closing yields today were right in line with last Thursday’s closing levels.  This might not have been the case if not for today’s Fed speakers–several of whom reiterated dovish messages about being able to cut sooner rather than later. Other comments reiterated…