Reply To: Traders Market Weekly: Inflation and the Fed

#48844
Truman
Participant

U.S. Treasuries sit on their lows after widening their initial losses. Treasuries began extending their losses immediately after the cash start, sliding to fresh lows after the recent release of better than expected Factory Orders for October and the ISM Non-Manufacturing Index for November.

The long bond outperformed at the start, but it gave into the pressure once the cash session got going. Equities are facing early pressure with the S&P 500 (-0.9%) trading a bit ahead of the Nasdaq (-1.0%).

Yield:
2-yr: +6 bps to 4.35%
3-yr: +7 bps to 4.08%
5-yr: +11 bps to 3.78%
10-yr: +10 bps to 3.60%
30-yr: +8 bps to 3.64%