Salient to Investors:

Larry Milstein at R.W. Pressprich said the market will overreact to the economic data over the next couple of months.

The median economist expects the 10-year yield to end the year at 2.20 percent.

David Coard at Williams Capital said we are in a bear market for Treasuries, but that does not mean we will see rates rise sharply. Coard said people are skeptical about the economy, which is strong enough that over the balance of this year we will see rates rising.

The Thomson Reuters/University of Michigan final index of sentiment increased to 84.5 in May, the strongest since July 2007.

Thomas Tucci at CIBC World Markets said everyone realizes some risk has been put back into the bond market.

Justin Lederer at Cantor Fitzgerald says we have found the right attractive level, at least for the time being.

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