Archive for February, 2011

February 2011

February 28, 2011  |   Monthly Commentary   |     |   0 Comment

Fixed Income Market Recap From a point to point perspective, February appeared to be a rather calm month in the bond market. Yield-to-maturity of the 10-year Treasury Note ended the month 5 basis points higher than where it started and the yield curve was essentially unchanged. However, the intra-month volatility was anything but calm. In the first six trading sessions of February, the yield-to-maturity rose 35 basis points, shaving nearly 3% from the price of the ...