Reply To: Traders Market Weekly: Jobs and Central Bankers

#40973
Truman
Participant

U.S. Treasuries mixed start with the 2-yr note expected to show relative strength in the early going. Treasury futures fell after yesterday’s cash close, facing more pressure during the Asian session.

The early weakness is lifting the 30-yr yield back to this week’s high while yields on other tenors remain below their highest levels of the week.

Overseas, the People’s Bank of China is planning a $148 bln bailout of property developers, according to FT, while the spread between Italy’s 10-yr yield and Germany’s 10-yr yield is rising back to its high from mid-June.

U.S. Treasury will sell $38 bln in 7-yr notes this afternoon. The U.S. Dollar Index is up 0.5% at 106.96.

2-yr: -5 bps to 2.95%
3-yr: -1 bp to 2.91%
5-yr: UNCH at 2.80%
10-yr: +4 bps to 2.77%
30-yr: +6 bps to 3.06%