ING: I don't believe interest rates will only fall from now on

On Tuesday, weaker U.S. economic data pushed yields lower, with the U.S. 10-year Treasury yield close to 4.10%, and they "don't believe interest rates will only fall from now on," interest rate strategists at ING said. Risk sentiment remains in a bubble, they said, and central banks have been on hold recently. They said that Wednesday will give a preliminary look at the US labor market through job openings data and ADP employment data, although the latter has doubts about its ability to forecast Friday's non-farm payrolls data.