May 15th, 2013 3:28 PM by Eric Fang
We had bonds selloff May3rd and May 10th,which caused the rate went higher. And thenanother selloff later Tuesdays sent the rateto the highest level of 2013.
This was supposed to be the trend in the next a few years. And we were a little bit surprisedby the rate drops in the April. And the good newsis that the selffoff holds at a significant supportlevel, it suggests the rate will be stable in thenext a few days.
Will the rate revisit the recent lows? It is possible.Depends on the picture of the job reports.