- 16 Oct '23 at 8:30 am #66624MoneyNeverSleepsParticipant
U.S. Treasuries trade on lows after widening their opening losses.
Longer tenors at the forefront of the initial selling, and they remain behind while the 2-yr note outperforms. The early weakness has sent yields on 10s and 30s back to their closing levels from Thursday while the 5-yr yield hovers between its Thursday high and its closing level from Friday, October 6.
Equities are off to a strong start despite the run up in yields with the S&P 500 now up 0.9% while the Nasdaq (+1.0%) outperforms by a slim margin.
2-yr: +4 bps to 5.09%
3-yr: +4 bps to 4.86%
5-yr: +6 bps to 4.71%
10-yr: +8 bps to 4.71%
30-yr: +8 bps to 4.86%18 Oct '23 at 7:34 am #66685TrumanParticipant
Treasury bond selling increased after Housing data release
2-yr note yield up +1bp to 5.21% after 5.15% earlier
10-yr note yield is up +2bps to 4.87% after 4.81% earlier
3-yr -1 bp to 5.01%
5-yr +2 bps to 4.89%
30-yr +4 bps to 4.99%20 Oct '23 at 8:26 am #66764TradersComKeymaster
Early Bonds: Treasury yields are moving lower after 10-yr note yield hit 5.0% earlier.
Long bond most resistant to today’s move,
Treasuries spent the first 90 minute of action in a steady rise off their opening levels with the belly leading the advance while the 10-yr note followed reluctantly. That said, the long bond has been most resistant to today’s move, as its yield remains near the unchanged level at this time. Equities, meanwhile, are facing more selling pressure, which puts the S&P 500 (-0.6%) on track to lose 1.8% for the week.
2-yr: -8 bps to 5.09%
3-yr: -8 bps to 4.94%
5-yr: -8 bps to 4.88%
10-yr: -5 bps to 4.94%
30-yr: UNCH at 5.10%21 Oct '23 at 12:17 pm #66317KnovaWaveParticipant
U.S. Treasuries ended the week with ten-year Treasury yields surging 30 bps this week to 4.91%, trading early Friday at 4.99%, the high back to July 2
[See the full post at: Bond Traders Weekly Outlook: Global Bond Rout Gathered Pace]
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