U.S. Treasuries lower start, a continuation of yesterday’s selling. Treasury futures selling pressure after Chinese government officials spoke about the country’s economy but did not indicate that additional support will be offered to the property market, as had been speculated in recent days.
Eurozone’s Q1 GDP was revised down to -0.1% from +0.1%, reflecting the first contraction since mid-2021.
Crude oil is adding to yesterday’s gain while the U.S. Dollar Index is down 0.3% at 103.81.
Yield:
2-yr: +1 bp to 4.56%
3-yr: +4 bps to 4.22%
5-yr: +2 bps to 3.94%
10-yr: +3 bps to 3.81%
30-yr: +2 bps to 3.96%