Reply To: Traders Market Weekly: Memorial Weekend a Time for Reflection

#37326
Truman
Participant

Treasuries generally tracked lower yesterday as stock prices tracked higher, in a curve-steepening trade.

The 2-yr note yield settled up three basis points at 2.61% while the 10-yr note yield ended up seven basis points at 2.86%. A strong move by the euro against the dollar (EUR/USD +1.2% to 1.0686), after ECB President Lagarde teased the possibility of exiting negative rates by the end of Q3, was another factor weighing on Treasuries.