Salient to Investors:
Ian Lyngen at CRT Capital said Q1 data confirms the US economy is on a better footing, and for the benchmark yield to rise to the median year-end estimate of 2.25 percent, employment must improve, Europe problems subside, and the end of QE in sight.
William O’Donnell at Royal Bank of Scotland said the economy is clearly better.
Steven Ricchiuto at Mizuho Securities USA said we’ll dance around these levels and after that it’s really up to payrolls.
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