Reply To: Traders Market Weekly: Valuation Matters in Earnings Season


U.S. Treasuries are on track to build on yesterday’s gains with the 10-yr note expected to show some early relative strength. Treasury futures spent last evening in a narrow range, rising to highs during the Asian session. Another wave of buying at the start of the European session lifted Treasury futures to fresh highs, where they remain at this time.

The U.S. Treasury will follow yesterday’s solid 3-yr note sale with a $33 bln 10-yr note reopening at 13:00 ET. The U.S. Dollar Index is little changed at 108.05.

2-yr: -3 bps to 3.03%
3-yr: -5 bps to 3.05%
5-yr: -6 bps to 2.99%
10-yr: -7 bps to 2.92%
30-yr: -6 bps to 3.12%