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


U.S. Treasuries finished Tuesday with modest gains across the curve, reclaiming some of their losses from Monday’s slide. However, the entirety of the advance took place at the start, followed by a mostly sideways drift into the afternoon.

Treasuries opened in positive territory after a night that saw the Japanese yen hit its lowest level against the dollar since late 1986.

The trading range narrowed as the day went on with the 5-yr note finishing slightly ahead of other tenors.

Crude oil briefly climbed above $84/bbl before reversing while the U.S. Dollar Index fell 0.2% to 105.73.

The market will receive a heavy batch of data tomorrow and the Treasury market will close at 14:00 ET.

2-yr: -3 bps to 4.74%
3-yr: -4 bps to 4.55%
5-yr: -4 bps to 4.40%
10-yr: -4 bps to 4.44%
30-yr: -3 bps to 4.61%