U. S. Treasury Sell Off Eases, Traders Eye Highest 30 Year Yield Since 1999 The bond market's volatility showed signs of easing on Tuesday after a sharp decline on Monday.
The yield on 10 year Treasurys edged lower, while the 30 year Treasury bond yield stabilized at its highest level since 1999.
A Bank of America survey released this week revealed that 62% of global fund managers expect the 30 year Treasury yield to reach 6%, a level not seen since late 1999.