MW: Treasury yields fall to lowest since mid-March
By Deborah Levine
NEW YORK (MarketWatch) - Treasury prices edged up for a fourth day on Tuesday, pushing 10-year yields down to the lowest since mid-March, as U.S. stock futures point to a lower opening. Analysts also noted that investors positioned for bond yields to rise this year -- shorting the market -- have continued to reverse those positions, pushing yields down. Yields on 10-year notes UST10Y -0.61% , fell 2 basis points to 3.26%. "Beyond the fundamental call on a weaker than expected economy, the other reason we like pull backs is that this year's positioning is shaping up like last year, where investors were short duration at the start but then forced to chase the rally of 2010," said strategists at Nomura Securities.
