Reply To: Bond Traders Weekly Outlook: Bond Market Has Not Bought into Fed’s Tightening Cycle Over


Treasuries are little changed from yesterday’s settlement levels following the data.

The key takeaway from the report would have to be the uptick in the year-over-year inflation readings. They weren’t of the eye-popping variety; however, they should catch the Fed’s eye as a basis not to cut rates anytime soon.

The key takeaway from the report is that initial claims — a leading indicator — continue to run at levels that are indicative of a tight labor market that goes hand-in-hand with an economy that is definitely not in a hard-landing pattern.

The 2-yr note yield is unchanged at 4.88% and the 10-yr note yield is down one basis point to 4.11%.

2-yr: UNCH at 4.88%
3-yr: +1 bp to 4.57%
5-yr: +1 bp to 4.28%
10-yr: -1 bp to 4.11%
30-yr: -1 bp to 4.22%