Wall Street Webcasting Presents Wells Fargo Securities: 10-Year Treasury Yields on the Rise

Wed Feb 13, 2013 11:42am EST

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NEW YORK--(Business Wire)--
Wall Street Webcasting presents exclusive video of Rich Gordon, the highly
regarded Fixed Income Market Strategist of Wells Fargo Securities (NYSE: WFC).
This week Gordon revisits the Euro and discusses the future of the 10-year
Treasury Yield. 

The Euro hit a ten week high at the beginning of February, but has been
declining since. One reason for this could be the uncertainty in Spain. The
Spanish Premier has been accused of corruption and is facing allegations of
taking illegal payments. If he resigns, a new election could cause even more
uncertainty. These allegations have helped push the equity price of one of
Spain`s largest banks down by almost ten percent and has pushed Spanish 10-year
Yields up by more than forty basis points. 

On another note, it is possible that the QE program is nearing its end. Policy
makers will soon stop the QE program; see whether the economy can stand on its
own without further assistance, and if it can, they will then start considering
what the next steps should be in securing our economy. 

Gordon believes that the next move in 10-year Treasury Yields will be moderately
bullish. The 10-year treasury yield has been rising steadily since December. In
early December it was as low as 1.55 and on Monday it reached 1.95. 

To hear the three major reasons Gordon thinks the next move in yields will be
bullish, tune into Wells Fargo Securities` newest video. 

Please visit the following link to view the video: 


Wall Street Webcasting
Tracy Lewin, 201-683-2100 

Copyright Business Wire 2013