U.S. Long Bond Futures Rebound From Their Lowest Level Since 2002

U.S. long bond futures have rebounded from their lowest level since 2002, marking a turn in the market for long-term Treasury exposure whose staying power remains uncertain.

The rise follows a recent low in futures prices. It remains uncertain whether the move will continue or fade.

Earlier, two strategists turned toward 10-year and 30-year Treasurys after a prolonged sell-off. Their shift in outlook was separate from the latest move in long bond futures.