Reply To: Traders Market Weekly: Markets Await Big Bankers Earnings


Bonds: Longer Tenors Remain Behind

Rates running the markets again

U.S. Treasuries continue holding losses with 10s and 30s trading a bit behind shorter tenors. Treasuries marked session lows at the open, followed by a bounce that briefly returned the long bond and the 10-yr note to little changed, but recent action saw a slip toward opening lows. Shorter tenors trade above their opening levels with the 2-yr note currently flat for the day.

In equities, the Nasdaq (-1.3%) trades behind the S&P 500 (-0.9%) while the Dow (-0.2%) outperforms.

Yield Check:
2-yr: UNCH at 2.52%
3-yr: +1 bp to 2.74%
5-yr: +3 bps to 2.78%
10-yr: +4 bps to 2.75%
30-yr: +4 bps to 2.79%