The Day Bond Bears Have Been Waiting For

        09:14 EDT - "If you are a bond bear and you have been waiting to sell Treasury bonds, today is your day," says Jonathan Lewis, CIO at Samson Capital. Lewis says he continues to hold fewer Treasury bonds than his benchmark bond index, while overweighting corporate bonds. "The US economy is slowing climbing and it is good for corporate bonds." Within his Treasury holdings, he allocates more cash to 2- and 10-year notes relative to maturities in between. "The five-year is getting pounded today because this part of the curve is more vulnerable" to the Fed's eventual interest-rate increases, he says. Ten-year notes down 17/32, yielding 2.669%. (min.zeng@wsj.com; @minzengwsj)
        (END) Dow Jones Newswires

        May 02, 2014 09:14 ET (13:14 GMT)