Bond Traders Weekly Outlook: US 10-yr and 30-yr Treasury Yields Rise on Inflation Risk

Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • 21 Feb '23 at 7:25 am #53685
    MoneyNeverSleeps
    Participant

    U.S. Treasuries are on track for a firmly lower start in all tenors.

    Overnight action featured the release of flash Manufacturing and Services PMI readings from major economies. Japan’s Manufacturing PMI contracted for the fourth consecutive time in the flash reading for February while Australia’s reading remained in expansionary territory for the 34th month in a row. In Europe, Germany, France, and the U.K. reported better than expected flash Services PMI readings for February while Manufacturing PMI readings from Germany and France missed expectations, pointing to continued contraction.

    Altogether, the reports released overnight are fueling speculation about more rate hikes from global central banks, including the Fed.

    The U.S. Treasury will kick off this week’s note auction slate with a $42 bln 2-yr note sale. The U.S. Dollar Index is up 0.2% at 104.04.

    Yields
    2-yr: +5 bps to 4.66%
    3-yr: +5 bps to 4.37%
    5-yr: +6 bps to 4.10%
    10-yr: +5 bps to 3.88%
    30-yr: +3 bps to 3.92%

    24 Feb '23 at 1:59 pm #53836
    MoneyNeverSleeps
    Participant

    A very simple explanation of why interest rates matter and affect risk assets can be found in yields
    Only one maturity from 9/15/23 to 6/30/2024 under 5%
    9/15/2023 5.001
    9/30/2023 5.058 5.036 5.038
    10/15/2023 5.042
    10/31/2023 5.051 5.067 5.035
    11/15/2023 5.076 5.056
    11/30/2023 5.081 5.055 5.054
    12/15/2023 0.125 5.089
    12/31/2023 5.084 5.076 5.098
    1/15/2024 5.091
    1/31/2024 5.099
    1/31/2024 5.100
    2/15/2024 5.097 5.094
    2/29/2024 5.095 5.094 5.095
    3/15/2024 5.089
    3/31/2024 5.106 5.097
    4/15/2024 5.069
    4/30/2024 5.085 5.086 5.073
    5/15/2024 5.065 0 5.068 5.048 5.052
    6/30/2024 4.993 5.031 5.023

    https://www.wsj.com/market-data/bonds/treasuries?mod=md_bond_view_treasury_quotes

    24 Feb '23 at 1:59 pm #53837
    MoneyNeverSleeps
    Participant

    Daily Treasury Par Yield Curve Rates

    https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2023

    25 Feb '23 at 4:55 pm #53586
    KnovaWave
    Participant

    U.S. Treasuries added to their losses Friday while sovereign debt also retreated. Treasuries widened their losses in reaction to the Personal Income/O
    [See the full post at: Bond Traders Weekly Outlook: US 10-yr and 30-yr Treasury Yields Rise on Inflation Risk]

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.