Basis Points

Tom Galoma: It trading 68.3 basis points above its 52-week low of 1.669%, which it hit on Feb. 2, according to Market Watch. The selloff was due to the dovish Fed, said Tom di Galoma, head of rates and credit trading at ED & F Man Capital Markets. After falling for the past three days, the 10-year yield turned higher TMUBMUSD10Y, -1.22% rising 4.7 basis points to 2.352%, according to Tradeweb data. Lots of accounts were long 10s and 30s and short the front end, and those trades got reversed. The two-year yield TMUBMUSD10Y, -1.22% was down 1.2 basis point to 0.649%. It has declined for the past four sessions. But buying persisted on the short end of the yield curve. (news.financializer.com). As reported in the news.