Reply To: Bond Traders Weekly Outlook: Pressure Alleviated in 2s10s Spread with BOJ

#49765
Truman
Participant

U.S. Treasuries higher start with shorter tenors set to continue their recent display of relative strength while the long bond is on track to begin just above its flat line.

Treasury futures reached highs around 4:30 ET and they remain near those levels at this time. Overnight action saw a limited set of economic data while the news flow was also light.

U.S. Treasury will hold a $12 bln 20-yr Treasury bond reopening.
The U.S. Dollar Index is up 0.2% at 104.12.

Yields:
2-yr: -6 bps to 4.21%
3-yr: -5 bps to 3.97%
5-yr: -4 bps to 3.74%
10-yr: -2 bps to 3.66%
30-yr: -2 bps to 3.72%