Reply To: Traders Market Weekly: it’s a Mad, Mad World of Political Uncertainty

#74858
MoneyNeverSleeps
Participant

U.S. Treasuries are on track for a slightly lower start after facing some light overnight pressure in the futures market. Treasury futures inched higher in early evening action but found resistance near the start of the Asian session.

The night was very quiet on the data front with Eurozone’s May CPI staying unrevised while the region’s latest economic sentiment survey beat estimates despite a poor showing from Germany.

The U.S. session will feature the May Retail Sales report (consensus 0.3%; prior 0.6%) at 8:30 ET, followed by May Industrial Production (consensus 0.4%; prior 0.0%) at 9:15 ET, and the U.S. Treasury’s $13 bln 20-yr bond reopening at 13:00 ET.

Crude oil is hovering near its 50-day moving average (79.98) while the U.S. Dollar Index is up 0.2% at 105.56.

Yield:
2-yr: +1 bp to 4.77%
3-yr: +1 bp to 4.51%
5-yr: +1 bp to 4.31%
10-yr: +1 bp to 4.29%
30-yr: UNCH at 4.41%