Bonds drop to lowest close of the year

Bonds – June Bonds dropped 11 ticks to close at 109-08, the lowest close of the year. Treasury yields have jumped, with traders giving up hope of a rate cut thanks to hawkish statements from the Fed and the inflationary pressure placed on consumers with higher prices at the pump. Recent M&A activity is bullish for the stock market, and Bond prices have suffered on cash outflows. Read More....