Reply To: Traders Market Weekly: Stock and Bond Bear Markets Hover

#36290
Truman
Participant

U.S. Treasuries are on track for a mostly lower start while the long bond is expected to show a slight gain in early trade. Treasury futures dipped last evening, slipping to pre-market lows near the end of the Asian session. The slip to lows was followed by an immediate bounce, allowing futures to reclaim the bulk of last night’s losses. The market could see some volatility later today once the FOMC announces its rate decision at 14:00 ET, followed by Chairman Powell’s press conference.

Yield Check:

2-yr: +2 bps to 2.78%
3-yr: +3 bps to 2.97%
5-yr: +1 bp to 3.01%
10-yr: UNCH at 2.96%
30-yr: -1 bp to 3.00%