The ten year treasury is rising back towards 3% as Investors digested the Italian debt crisis and the release of a strong May jobs report.
The newly formed Italian government eased geopolitical risks by eliminating the need for an early election, but obstacles remain. The anti European Union and Immigration sentiments in Italy are likely to cause conflict among neighboring EU nations.
The Federal Reserve is likely to hike rates 4 times this year as the May jobs numbers came in far above expectations. US unemployment hit 3.8% with retail, healthcare and construction seeing the most job gains.
The professional consensus sees 10 year yields settling between 3.10% - 3.25% by year end.
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