Reply To: Traders Market Weekly: Liberty Dichotomy; Paris Burns Ahead of Independance Day


U.S. Treasuries higher start looking for a continuation of their rally from Friday.

Treasury futures rally accelerated once the focus shifted to action in Europe. European Central Bank policymakers are increasingly concerned about second-round effects of inflation and a wage-price spiral taking hold. Bank for International Settlements called for more rate hikes, warning that the fight against inflation is at a critical juncture.

the U.S. Treasury will sell $42 bln in 2-yr notes this afternoon. Crude oil is looking to recover some of last week’s loss while the U.S. Dollar Index is down 0.2% at 102.70.

2-yr: -3 bps to 4.72%
3-yr: -4 bps to 4.29%
5-yr: -6 bps to 3.94%
10-yr: -5 bps to 3.69%
30-yr: -4 bps to 3.78%