Reply To: Traders Market Weekly: Another Year, Another Reset

#50182
Truman
Participant

U.S. Treasuries traded in relatively tight ranges overnight amid a lack of conviction on this final trading day of the year.

To that end, SIFMA recommends an early close today for the bond market at 2:00 p.m. ET. Not much in the way of news flow to drive any meaningful activity.

The Bank of Japan conducted its third straight unscheduled bond buying operation, focusing a JPY300 bln effort on 10-25yr JGBs. The U.S. Dollar Index is down 0.2% to 103.68.

Yields:
2-yr: +1 bp to 4.38%
3-yr: +1 bp to 4.19%
5-yr: +1 bp to 3.97%
10-yr: +1 bp to 3.84%
30-yr: unch at 3.92%