Reply To: Bond Traders Weekly Outlook: US Treasury Curve Sees 2 Year Note Outperform


U.S. Treasuries trade near flat lines after a quiet start to the Tuesday session.

The market followed yesterday’s sharp slide with a restrained start that saw a slight show of relative strength from shorter tenors while 10s and 30s are a bit behind. The early underperformance in longer tenors is keeping yields on the 10-yr note and the 30-yr bond just above their respective 50-day moving averages.

In the U.S., Fed Chairman Powell will speak at 12:40 ET while the U.S. Treasury will sell $40 bln in 3-yr notes. Crude oil is building on yesterday’s bounce while the U.S. Dollar Index is up 0.1% at 103.70.

Equities are off to a modestly lower start with the S&P 500 (-0.3%) trailing the Nasdaq (-0.2%).

2-yr: -1 bp to 4.45%
3-yr: -2 bps to 4.11%
5-yr: UNCH at 3.81%
10-yr: +1 bp to 3.65%
30-yr: +2 bps to 3.69%