Reply To: Bond Traders Weekly Outlook: Europe, Over Tightening and Recession Fears

#49466
Truman
Participant

U.S. Treasuries trade just below opening levels with longer tenors remaining behind. Treasuries followed their lower start with a slip to fresh lows at the end of the opening hour of action, but that move was reversed just as the market received the flash IHS Markit Manufacturing and Services PMI readings for December, which slipped further into contraction from their final November levels.

Barring a volatile finish, the 10-yr note and shorter tenors are on course to register gains for the week while the long bond is down modestly since last Friday with its yield up three basis points for the week at this time.

Yields:
2-yr: +1 bp to 4.26%
3-yr: +2 bps to 3.97%
5-yr: +5 bps to 3.67%
10-yr: +8 bps to 3.53%
30-yr: +8 bps to 3.58%