Bond Traders Weekly Outlook: Pressure Alleviated in 2s10s Spread with BOJ

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  • #49679
    TradersCom
    Keymaster

    Bonds Wrap: Under selling pressure throughout the day despite weaker-than-expected NAHB Housing Market Index report & risk off selling

    #Yields:
    2-yr +5 bps to 4.25%
    3-yr +9 bps to 3.99%
    5-yr +9 bps to 3.71%
    10-yr +10 bps to 3.58%
    30-yr +9 bps to 3.62%

    #49732
    TradersCom
    Keymaster

    Bonds Wrap: U.S. Treasuries fell again Tuesday with sharp losses in longer tenors after an overnight surprise from the #BoJ
    Yields

    2-yr: +2 bps to 4.27%
    3-yr: +3 bps to 4.02%
    5-yr: +7 bps to 3.78%
    10-yr: +10 bps to 3.68%
    30-yr: +11 bps to 3.74% Update

    Yen Soars After Bank of Japan Mini Pivot Widens Yield Curve Control Band

    #49765
    Truman
    Participant

    U.S. Treasuries higher start with shorter tenors set to continue their recent display of relative strength while the long bond is on track to begin just above its flat line.

    Treasury futures reached highs around 4:30 ET and they remain near those levels at this time. Overnight action saw a limited set of economic data while the news flow was also light.

    U.S. Treasury will hold a $12 bln 20-yr Treasury bond reopening.
    The U.S. Dollar Index is up 0.2% at 104.12.

    Yields:
    2-yr: -6 bps to 4.21%
    3-yr: -5 bps to 3.97%
    5-yr: -4 bps to 3.74%
    10-yr: -2 bps to 3.66%
    30-yr: -2 bps to 3.72%

    #49522
    KnovaWave
    Participant

    U.S. Treasuries this week alleviated some pressure on the 2s10s spread, which expanded by 16 bps to -56 bps. The U.S. Dollar Index slipped 0.1% to 104
    [See the full post at: Bond Traders Weekly Outlook: Pressure Alleviated in 2s10s Spread with BOJ]

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