"Bank of America Predicts Continued Bond Market Rally with Potential for Lowest 10-Year Treasury Yield in 2 Years"
The bond market had a relatively uneventful day, with trading levels returning to where they were before NY Fed President Williams made seemingly odd comments about rate cuts. Bonds remained unchanged from the previous day, maintaining the gains from Wednesday's Fed Day rally without any significant correction. Despite the size and pace of the rally, the market had a calm landing.