Baird Advisors Fixed Income Market Commentary - May 2009

 

Long Treasury Yields Continue to Rise

 
June 15, 2009

Treasury yields continued to rise in May as heavy new issuance began to weigh on the bond market. During the month, the Treasury auctioned a stunning $770 billion of T-bills (maturities of less than 1 year) and $172 billion of T-notes and T-bonds (maturities of 2 to 30 years).

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