[MoneyNeverSleeps]

U.S. Treasuries higher start with longer tenors relative strength.

South Korea’s yr/yr inflation rate slowed to its lowest level in ten mon
Crude oil is slipping from a three-week high back toward its 50-day moving average (77.86)
U.S. Dollar Index is up 0.1% at 104.64.

Yields
2-yr: -2 bps to 4.84%
3-yr: -3 bps to 4.57%
5-yr: -4 bps to 4.21%
10-yr: -5 bps to 3.91%
30-yr: -6 bps to 3.83%

[MoneyNeverSleeps]

U.S. Treasuries shorter tenors slight relative strength.

Overnight action saw the release of a larger than expected February trade surplus from China, while the Reserve Bank of Australia announced a 25-bps hike, but also signaled some softening in its stance.

In the U.S., Fed Chairman Powell will begin his two-day Congressional testimony with an appearance before the Senate Banking Committee at 10:00 ET.

Later in the day, the U.S. Treasury will sell $40 bln in 3-yr notes.

Crude oil is giving back yesterday’s gain

U.S. Dollar Index is up 0.1% at 104.50.

Yield:
2-yr: -4 bps to 4.87%
3-yr: -4 bps to 4.59%
5-yr: -3 bps to 4.24%
10-yr: -4 bps to 3.94%
30-yr: -3 bps to 3.88%

[KnovaWave]

U.S. Treasuries rose sharply Friday surge, which extended the market’s strong bounce that took shape on Thursday. Treasuries surged with growing uncer
[See the full post at: Bond Traders Weekly Outlook: Treasuries Safe Haven Surges with SVB and Silvergate Collapses]

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