Bond Traders Weekly Outlook: Treasury Yields Pulled Back with CPI and PPI Disinflation

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  • #61869
    MoneyNeverSleeps
    Participant

    Early Bonds: U.S. Treasuries modestly higher start in the 5-yr note and shorter tenors while the long end is expected to show slight relative weakness in the early going.

    China’s CPI decreased for the fifth consecutive month, returning the yr/yr growth rate to zero.
    PPI contracted for the ninth consecutive month.

    Crude oil is giving back some of last week’s advance while the U.S. Dollar Index is up 0.1% at 102.41.

    Yield:
    2-yr: -4 bps to 4.90%
    3-yr: -4 bps to 4.61%
    5-yr: -3 bps to 4.31%
    10-yr: -1 bp to 4.04%
    30-yr: +1 bp to 4.04%

    #61900
    MoneyNeverSleeps
    Participant

    Early Bonds: U.S. Treasuries higher start, 5-yr note and shorter tenors third consecutive advance.
    U.S. Dollar Index down 0.2% at 101.76.

    Yield
    2-yr: -1 bp to 4.84%
    3-yr: -3 bps to 4.53%
    5-yr: -4 bps to 4.21%
    10-yr: -5 bps to 3.96%
    30-yr: -3 bps to 4.01%

    #61901
    MoneyNeverSleeps
    Participant

    Market participants remain in wait-and-see mode ahead of the June Consumer Price Index tomorrow at 8:30 a.m. ET.

    #61754
    KnovaWave
    Participant

    U.S. Treasuries finished the week firmly in the green despite gave back some recent gains on Friday. The key CPI and PPI both came in mellower than ex
    [See the full post at: Bond Traders Weekly Outlook: Treasury Yields Pulled Back with CPI and PPI Disinflation]

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