Strong employment report and coming Fed rate hikes? Long-term Treasurys have their eye on something else, with the yield on the 10-year note off another four basis points in early action to 2.57%. The yield touched 2.70% in wake of Thursday's fast nonfarm payroll number.
Checking Eurodollar futures for expectations of tighter monetary policy, they've backed off a bit from rate hikes as well, the June 2016 contract ahead by four basis points, but still pricing in a Fed Funds rate about 130 basis points higher in two years then it is now.
ETFs: TBT, TLT, TMV, IEF, TBF, PST, EDV, TMF, TTT, ZROZ, TLH, SBND, IEI, TYO, DLBS, DTYS, VGLT, UST, UBT, VGIT, TLO, TBX, GSY, TENZ, SCHR, ITE, DTYL, LBND, TYD, TYBS, DLBL, TBZ, FIVZ, DFVL, DFVS, TYNS