The reduction in sales is a plus for bonds. Investor confidence in the government's ability to manage public debt is increasing.
There is a solid demand for long-term bonds with a 20- to 30-year maturity. Twenty-year yields around 2.2 percent are attractive.
I expect bonds to keep rising. Economic growth is facing obstacles.
Yields at these levels look attractive to investors.
Bonds have a tendency to rise when banks and overseas investors buy a lot in the market. Their demand to buy on dips has not slowed down.
Ten-year yields have fallen to quite a low level as the concern over a U.S. economic slowdown has grown.
A decline in stocks is giving a boost to bonds.
An increase in purchases by overseas investors is a reason for bonds to rise. It will assure investors that yields won't continue rising.
There's constant demand for longer debt from pension funds and other investors who follow the index.
A gain of stocks is encouraging for investors. I think bonds will probably stay strong.
Investors feel there is no need to aggressively buy bonds now as yields may continue climbing amid signs of solid economic growth.
