Art Cashin Video: What I'll be watching next week

Friday, 16 Aug 2013 | 1:27 PM ET
Art Cashin's interest rate strategy
Friday, 16 Aug 2013 | 11:40 AM ET
CNBC's Bob Pisani and Art Cashin of UBS discuss which trends he'll be watching next week, including yields on the 10-year Treasury.

Art Cashin says he expects bonds and yields to remain a big factor for stocks next week as the Federal Reserve holds its annual summit in Jackson Hole, Wyo., even though Ben Bernanke won't attend.

Cashin, UBS' director of floor operations at the NYSE, told CNBC's Bob Pisani at midday that 2.8 percent will remain the key level to watch for the U.S. 10-year note.

"Yesterday when we got above 2.8, bids got canceled all across the floor and only returned slightly after we slipped back the other way."


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