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


U.S. Treasuries feeding off the strong demand seen at yesterday’s 10-yr note auction and some better-than-feared year-over-year inflation data for January out of Germany. The back end of the curve is outperforming.

Today, there will be a $21 billion 30-yr bond auction with results at 1:00 p.m. ET.

Sweden’s Riksbank was the latest central bank to raise rates, moving its key rate up 50 basis points to 3.00%, as expected, and warning that further hikes are likely.

The dollar is on the defensive against other major currencies, namely the euro, yen, and British pound. The U.S. Dollar Index is down 0.5% to 102.90.

2-yr: -1 bp to 4.44%
3-yr: -1 bp to 4.09%
5-yr: -3 bps to 3.79%
10-yr: -7 bps to 3.58%
30-yr: -7 bps to 3.64%