However, with the strong gains already clocked by investors this year, some stock strategists were moving in the opposite direction, raising warning flags about the prospect for future gains on a day when demand for Treasurys rose, nudging the yield on the benchmark 10-year note down to 1.95%.
The yield on the note has fallen over the last month as demand for less risky assets increased following the crisis in Cyprus and signs of a slowdown in the U.S. The yield was as high as 2.06 percent on March 11.