Reply To: Traders Market Weekly: A Magical Green First Quarter for Stocks

#73549
Truman
Participant

U.S. Treasuries trade on their lows after a steady slide from their opening levels.

The Treasury complex has faced steady pressure through the first couple hours of action, lifting yields on 5s, 10s, and 30s back above their respective 200-day moving averages to levels not seen in nearly two weeks.

The selling produced lows shortly after the release of a better-than-expected ISM Manufacturing report for March (actual 50.3%; consensus 48.5%), which showed a return into expansion.

Equities started the day on a mixed note with the Nasdaq (+0.5%) showing early strength while the Dow (-0.5%) hovers in the red and the S&P 500 (unch) is little changed.

Yield:
2-yr: +7 bps to 4.69%
3-yr: +8 bps to 4.49%
5-yr: +9 bps to 4.31%
10-yr: +10 bps to 4.31%
30-yr: +10 bps to 4.45%