The Bond Buyer’s weekly yield indexes declined this week on firmness the last two sessions following an unchanged start to the week, amid decent secondary trading activity on the long end of the curve and little interest on the short end.
“The kind of week you had really depends on the kind of paper you trade,” said Fred Yosca, managing director and head of trading at BNY Capital Markets. “If you trade the short end, you’ve had a bad week. If you trade the long end, then you probably did alright. Trading was on the lighter side, though, really because of so many people on vacation. Even the primary wasn’t as active. Monday and Tuesday were reasonably good days, but yesterday and today have been really quiet.”