Tedious Range

April 30th, 2014 6:49 am | by John Jansen |

James Holloway and Elizabeth Stanton publish a daily piece for Bloomberg which lays out in one place all a significant batch of information relevant to that day’s trading. Last week they noted the narrow range in the 10 year note and how rare it has been. They repeated the point in this morning’s note and I thought that it was worth reiterating here.

Via Bloomberg:

10Y yield’s 25bp range over past 12 wks is smallest of past
two decades; in only three other 12-wk periods (one in March
2013, two in August 1998) has 10Y yield range been less than
30bps

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